Elon Musk may have gotten a lot of publicity thanks to his appearance on last weekend’s “Saturday Night Live,” but it hasn’t helped his net worth.
The billionaire’s net worth has fallen by $ 20.5 billion since his appearance, according to Forbes and reported by the New York Post.
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The Tesla and SpaceX chief is still the third richest person valued at $ 145.5 billion, up $ 110 billion from a year ago, at the close of markets on Thursday.
It has been a hectic but costly week for Musk. First, he hosted SNL where, as part of a comedy sketch, he made a joke about the Dogecoin cryptocurrency that he backed.
‘SNL’ WEEKEND UPDATE ANCHORS ASK ELON MUSK: ‘WHAT IS DOGECOIN?’
This caused Dogecoin to drop by 21% on release, according to Coindesk.
He also set a new policy regarding Bitcoin and Tesla cars.
On Wednesday, Musk announced that the company would no longer accept Bitcoin as payment for its electric vehicles, which rocked the cryptocurrency.
Musk said that while he believes digital currencies have a bright future, it can’t come at the expense of the environment.
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Forbes estimates Tesla shares fell 15% this week.