$10 billion wiped off Elon Musk’s wealth following sexual misconduct claims

Elon Musk has lost $10 billion in just a single day after he was accused of sexual harassement by a former employee.

According to the Bloomberg Billionaires Index, Musk was worth about $212 billion on Thursday.

Once news of the sexual misconduct allegations broke on Thursday night, his net worth fell to around $201 billion.

Musk owns around 47% of SpaceX that’s valued at $125 billion and – since it’s privately owned – its valuation doesn’t change much.

However, Tesla’s stock performance in public markets affects Musk’s net worth the most. He owns about 15% of the electric car company.

Following the allegation, Tesla’s share price tanked 6.4%, bringing down Musk’s net worth as a result.

This comes amid an already bad year for Musk’s billions and Tesla stock in general, with a global market selloff due to a poor economy and analysts worried the CEO was ‘distracted’ by his ongoing deal to buy Twitter.

On Thursday, Elon Musk’s SpaceX was accused of paying $250,000 to one of its flight attendants to keep quiet about its owner’s alleged sexual harassment.

The woman claims the tycoon exposed himself to her, propositioned her for sex, rubbed her leg, and offered to buy her a horse in exchange for an erotic massage.

They told Business Insider that Musk made the proposal as the employee performed a massage on a flight to London in 2016.

The unnamed woman was asked by the billionaire if she could come to his room on the plane to perform ‘a full body massage’, a friend of hers claimed.

In November 2018, SpaceX and the flight attendant allegedly reached a severance agreement outside court, including a $250,000 payment in exchange for not suing.

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