You might like<\/strong>Por Cuanto Compro Elon Musk Twitter<\/span><\/div><\/a><\/div>This is a difficult question to answer definitively as there are many ways to measure “lost money.” However, if we look at the biggest losing streaks in terms of paper wealth, then Masayoshi Son, founder of Softbank, would be the clear winner. He lost an estimated $70 billion during the dotcom crash of 2000-2002. However, he has since recouped much of those losses and is now estimated to be worth $228 billion by Forbes.<\/p>\n
Why did Elon lose so much money? <\/h2>\n
Musk’s fortune has shrunk due to the fall in Tesla’s stock prices. This isdue to the company’s poor performance in the past year. This has caused him to lose his title as the world’s richest man, which is now held by Bernard Arnault.<\/p>\n
While this may seem like a counterintuitive notion, it is in fact an essential part of how our banking system works. Money is created when loans are first made – the act of lending creates new money in the form of credit. This is why central banks are able to effectively control the money supply by manipulating interest rates and other lending conditions.<\/p>\n
When loans are repaid, the money that was created when the loan was first made is destroyed. This is because the credit that was created is effectively cancelled out by the debt that is repaid. In this way, the banking system is able to keep the money supply relatively stable, even as loans are constantly being taken out and repaid.<\/p>\n
Of course, this only works as long as there is a healthy balance of new loans being created and old loans being repaid. If too many loans are repaid too quickly, it can lead to a contraction in the money supply and even deflation. This is why it is so important for central banks to monitor the rate of loan repayments and take action to encourage lending if necessary.<\/p>\n
Warp Up <\/h2>\n
I cannot give you an exact answer to your question, but according to Forbes, Elon Musk is worth an estimated $13.6 billion as of October 2019.<\/p>\n
Based on Forbes’ calculations, Elon Musk is worth $23.6 billion. This makes him the 54th richest person in the world and the 31st richest person in the United States.<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":4703,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"_links":{"self":[{"href":"https:\/\/www.ceoinfluencers.com\/wp-json\/wp\/v2\/posts\/3932"}],"collection":[{"href":"https:\/\/www.ceoinfluencers.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ceoinfluencers.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ceoinfluencers.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ceoinfluencers.com\/wp-json\/wp\/v2\/comments?post=3932"}],"version-history":[{"count":0,"href":"https:\/\/www.ceoinfluencers.com\/wp-json\/wp\/v2\/posts\/3932\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ceoinfluencers.com\/wp-json\/wp\/v2\/media\/4703"}],"wp:attachment":[{"href":"https:\/\/www.ceoinfluencers.com\/wp-json\/wp\/v2\/media?parent=3932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ceoinfluencers.com\/wp-json\/wp\/v2\/categories?post=3932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ceoinfluencers.com\/wp-json\/wp\/v2\/tags?post=3932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}