Dogecoin fan Elon Musk has lost his title as the world’s richest person to French fashion mogul Bernard Arnault. At this time, they are each worth $185.4 billion and $185.3 billion, respectively. With a net worth of $134.8 billion, Indian coal tycoon Gautam Adani comes in third. The net worth of Jeff Bezos, the founder of Amazon, is $115 billion. With a net worth of $107 billion, Warren Buffett, the CEO of Berkshire Hathaway and one of the harshest critics of cryptocurrencies, is also among the top five richest people in the world.
BREAKING: Republican billionaire Elon Musk loses his title as world’s richest men as he loses $3.4 billion due to Tesla’s stock tanking — in large part due to his deranged behavior in recent months. RT IF YOU THINK ELON SHOULD SELL TWITTER AND GO FOCUS ON TESLA!
— Occupy Democrats (@OccupyDemocrats) December 7, 2022
Due to Tesla’s stock’s appalling performance, which has seen a year-to-date decline of a staggering 57%, Musk’s net worth has suffered greatly. As of press time, TSLA was down 3.85% as the manufacturer of electric vehicles struggles to meet waning demand.
Along with Tesla, Musk is the CEO of Neuralink, a start-up that is creating ultra-high bandwidth brain-machine interfaces to link the human brain to computers, and rocket company SpaceX.
Musk Remains Committed to the DOGECOIN Community
Billy Markus, the creator of Dogecoin, reported on Twitter that more than a dozen Dogecoin Twitter accounts were shut down over the weekend. However, despite the fact that they were mostly just tweeting DOGE memes.Markus claimed that the following accounts were wrongfully suspended:
a whole bunch of accounts of people who, as far as i know, generally don't do anything but tweet memes and positivity are being suspended.
pretty weird man. https://t.co/rN32BTDsoO
— Shibetoshi Nakamoto (@BillyM2k) December 5, 2022
Within three hours, the tweet received a response from CEO Elon Musk, who, through a representative, is a member of the five-person advisory team for the Dogecoin Foundation alongside Markus and Vitalik Buterin.
Surprisingly, Elon Musk’s support for Dogecoin wasn’t limited to this one instance over the past weekend. Matt Wallace claims that Elon Musk was seen on Saturday sporting a black Dogecoin t-shirt that featured the DOGE mascot, a Shiba Inu sporting a cowboy.
Dogecoin’s price surges by 7%.
Elon Musk’s tweet at first had no impact on the Dogecoin (DOGE) price. This is unusual because every time Musk tweets about the meme coin. However, a small or significant rally is usually set off. But after the tweet, nothing happened for an hour.
Within the last couple of hours, this has changed. At one point, the price of DOGE increased to $0.1118, showing a 7.5% increase in just one hour.
Also Read: Twitter CEO Elon Musk In Fresh Controversy Over White Supremacy
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