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Musk, who called panic because of coronavirus stupid, lost $ 5.5 billion in a week

US, WASHINGTON (NEWS OBSERVATORY) — American businessman Elon Musk, who called world unrest amid the spread of a new type of coronavirus stupid, lost $ 5.5 billion in a week. Forbes magazine said this on Saturday.

The condition of the Mask decreased by 18% due to the fall in shares of his company Tesla by 22% and is now valued at $ 31.1 billion.

The magazine also notes that the general condition of the 10 richest billionaires of the planet decreased by $ 76.4 billion over the week.

Experts estimate that Bernard Arnault, director general of the French group of companies LVMH (Louis Vuitton Moet Hennessy), suffered a loss of $ 14 billion, the fortune of the owner of the Spanish retail chain Zara Amancio Ortega decreased by $ 12.8 billion.

The magazine notes that Amazon CEO Jeff Bezos, who lost $ 6.4 billion, still managed to maintain leadership in the list of the world’s richest billionaires.

Earlier, the American edition of BuzzFeed published the Mask letter at its disposal for employees of its SpaceX company, according to which the American entrepreneur expressed the opinion that all the data on the new type of coronavirus allows “not to classify it as one of the 100 most dangerous threats to the health of citizens of the United States.”

“For comparison: the risk of dying from a coronavirus is much less than from a trip home in your own car,” Musk added. On March 6, an entrepreneur on his Twitter page called the panic caused by the spread of the new coronavirus “stupid.”

On the situation in the economy
On Thursday, key indices collapsed by more than 9% following the trading session on the New York Stock Exchange amid concerns about the spread of the new coronavirus. This is the largest stock price crash since October 1987.

On March 6, at an OPEC + meeting in Vienna, Saudi Arabia was unable to agree with Russia to extend agreements to reduce oil production in force since 2017, after March. Due to the failure of the transaction, Brent crude at the auction on March 9 at the moment fell by 30%, having fallen in price to $ 31 per barrel. The next day, the price of oil reached $ 35 per barrel, having won back some of the lost positions.

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Article is written and prepared by our foreign editors from different countries around the world – material edited and published by News Observatory staff in our US newsroom.

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