Bussiness
Elon Musk is no longer part of the $200 billion club as Tesla’s stock continues to slide – but he’s still comfortably the richest person in the world
- Elon Musk’s wealth fell 5.4% to $193 billion on Tuesday as Tesla shares dropped 7%.
- Uncertainty over Musk’s purchase of Twitter has driven a sell-off in shares of Tesla, which have fallen 41% this year.
- Musk is no longer worth $200 billion, but he’s still $65 billion richer than Jeff Bezos.
Elon Musk is out of the $200 billion club after Tesla shares slid 7% on Tuesday.
Musk’s wealth dropped 5.4% to $193 billion as the electric carmaker’s share price fell, according to Bloomberg – which means he lost $11.1 billion in a single day.
Tesla is down 41% year-to-date, as the tech sector has sold off more broadly. It’s fallen just under 38% since Musk struck a deal to buy Twitter for $44 billion last month.
Musk has stirred controversy since the prospective takeover was announced by threatening to cut his offer based on the number of bots on the social media platform. The ongoing uncertainty appears to have dented Tesla’s value.
“This circus show has been a major overhang on Tesla’s stock,” Wedbush’s Dan Ives said in a note on Monday. “Musk is facing a fork-in-the-road situation in which he has to decide his next step in this soap opera, as Tesla investor patience is wearing very thin.”
Musk has already dropped out of the $200 billion club twice this year once in February and then again in March. Stock market rallies pushed him back over that threshold on both occasions.
Musk’s net worth is now the lowest it’s been since last August, according to the Bloomberg Billionaires Index. He’s lost just under $78 billion this year, but is still comfortably the world’s richest person.
Musk is $65 billion richer than Jeff Bezos, who has lost $65 billion this year, with Amazon down 38% year-to-date. Bill Gates, Warren Buffett, LVMH chairman Bernard Arnault and Indian industrialist Gautam Adani are also all worth over $100 billion.
Source: www.pulse.com.gh
Bussiness
Global Market Volatility: Gov’t absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol
Effective Thursday, April 16, 2026, which is the next pricing window, the Government will absorb GH¢2.00 per litre on diesel and GH¢ 0.36 per litre on petrol.
This intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses.
The measure, approved by Cabinet, is in response to rising prices of petroleum products on the international market, which have significantly impacted ex-pump prices in Ghana.
This temporary intervention will remain in force for a period of one (1) month.
During this period government will continue to closely monitor developments in the global oil market and assess the need for further policy adjustments.
A statement signed by Minister of Government Communications, Felix Ofosu Kwakye noted that they remain commited to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks.
Ghana’s gold and minerals sector is set for a major spotlight as Meetings. Co, in partnership with key industry stakeholders, announces the Mining & Minerals Convention 2025, scheduled from August 26-27, 2025, at the Kempinski Hotel Gold Coast City, Accra.
Held under the theme “Shaping the Future of Ghana’s Gold Industry,”‘ the Convention will convene government leaders, regulators, miners, refiners, investors, sustainability partners, innovators, and responsible mining, and global competitiveness,policy experts to explore strategies that position Ghana’s gold industry for long-term growth.
The two-day convention will feature presidential and ministerial keynote addresses, industry thought leadership, technical paper presentations, policy dialogues, fireside chats, exhibitions, and high-level networking sessions.
Convention delegates can anticipate a dynamic and insightful experience, marked by thought leadership from leading policymakers and regulators, in-depth discussions on key topics such as sustainability, ESG, digital gold, and responsible sourcing, as well as valuable opportunities to forge public-private partnerships and investment deals.
Moreover, the event will offer practical action points aimed at unlocking greater economic value for Ghana.
The 2025 edition will be supported by a strong coalition of strategic partners, including the Ministry of Lands and Natural Resources, the Minerals Commission, GoldBod, the Minerals Income and Investment Fund (MIIF), and the Ghana Extractive Industries Transparency Initiative (GHEITI).
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