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A Look At Elon Musk Net worth Explored After He Loses $100 Billion as Tesla Stock Prices Plummet

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Elon Musk’s fortune has shrunk by over $100 billion this year, but he remains the world’s richest man. Tesla shares have plummeted by 100 billion dollars, causing Elon Musk to suffer a staggering loss. The Fortune Five Hundred billionaire remains at the top of the global wealth list. In spite of the fact that his riches have dropped more than anyone at his level, he continues to prosper. However, his social media and motor empires remain vulnerable. Tesla’s share price has declined directly in proportion to Musk’s wealth. Most of the magnate’s income comes from his three companies, according to Bloomberg. SpaceX is doing well, with a $100 billion valuation this October, while Tesla clearly isn’t.

As indicated by Bloomberg, one reason behind this is the way that every one of the three of Musk’s companies is totally dependent on him. This is a risk, taking into account that the businessman needs to split his consideration and assets between every one of them immediately. In relation to media outlet reports relating to Tesla’s security findings, in spite of the fact that Mr. Musk invests significant time with Tesla and is profoundly dynamic in our administration, he doesn’t commit his full time and consideration [to the company]. Being autistic, Musk likewise thinks uniquely in contrast to other people. This prompted Tesla’s previous achievements yet in addition is by all accounts prompting its current decay. Its resources, for instance, have dropped 58.03 per cent up to this point in 2022. Besides, Tesla’s President holds fifteen per cent, implying that his financial returns in the company additionally saw an 8.6 billion dollar loss. All that in only one day!

Elon Musk Net Worth Have Plummeted By 100 billion Dollars Causing Him To Suffer A Staggering Loss

Tesla shares have fallen to their lowest level in two years as Elon Musk remains busy revamping Twitter. As a result, Elon Musk net worth has dropped by over $100 billion this year. Although Elon Musk net worth has plummeted, he is still the world’s richest person. New York trading on Monday saw Tesla shares drop 6.8% to $167.87, their lowest level since November 2020. To date, the shares are down 58% this year and 20% in the last month. This is an even greater decline than this year’s nearly 30% drop in the tech-heavy Nasdaq 100 Index. A major portion of Musk’s fortune comes from Tesla, which has been struggling with COVID-related restrictions in China, its largest overseas market. Reports from Bloomberg indicate that Tesla is also facing supply-chain snarls and soaring raw material costs, on top of recalling more than 300,000 cars. According to Musk, he doesn’t intend to be the CEO of any company and is looking to cut back on Twitter time and find someone else to handle it in the near future. Elon Musk is also reportedly considering stepping down as Tesla’s CEO, according to former Tesla board member James Murdoch.

Elon Musk Net Worth in 2022

The shares of Elon Musk’s EV maker Tesla have declined to their lowest mark in two years as he continues to revamp Twitter. Elon Musk net worth has fallen by more than $100 billion as a result. Even though Elon Musk net worth has fallen substantially, he remains the world’s richest person. Elon Musk’s net worth has fallen by $101 billion this year to date, according to the Bloomberg Billionaires Index. Adding to the top 5 list is Louis Vuitton’s CEO, Bernard Arnault, who has $157 billion in net worth. Gautam Adani with 130 billion, Jeff Bezos with $116 billion, and Bill Gates is ranked fifth with $113 billion. With COVID-related restrictions burgeoning in China, the largest market outside the U.S., Musk’s Tesla company comprises most of his fortune. On Monday, Elon Musk net worth decreased by nearly $8.6 billion. A little more than a year ago, it peaked at $340 billion. For the first time this year, Musk’s net worth dropped below $200 billion this month, after selling $3.95 billion in Tesla stock after buying Twitter for $44 billion. Additionally, Tesla missed its quarterly revenue expectations, posting a profit of $3.3 billion and revenue of $21.45 billion last month.

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Fans Feel Sad after BTS Jin Confirms to begin His military service on 13 December

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On Thursday, local media reported that BTS’ oldest member would serve his military service on 13th December, becoming the first member of the band to be enlisted. The South Korean military still requires all men under 30 to serve for about two years, largely due to the country’s ongoing conflict with nuclear-armed North Korea. In other words, Jin, a highly popular septet member who is 29 years old, is approaching his cut-off year. The 4th of December marks the 30th birthday of BTS member Jin.

Yonhap reported, citing military and industry sources, that he will start his five-week mandatory training at Yeoncheon in Gyeonggi province before being deployed to a frontline unit. Prior to this, the singer had hinted on social media that he had been assigned to the front line. Fans were shocked and emotional by the news, and some expressed concern for Jin’s safety. When I read he will be deployed to the front line, my heart literally dropped, one fan wrote, adding: This military thing that surrounds BTS for years has never really concerned me before. Front line? Why? Why?? In the opinion of another fan: I can’t help but think that they are punishing him in the most difficult and frightening way possible.

BTS Member Jin Confirms Military Service Date And Requests Army In Weverse Post Not To Visit Him

The official enlistment date of BTS member Jin has been confirmed after days of speculation. It has been confirmed that Jin, the eldest member of BTS, is enlisting in the military on 13th December. Jin shared a post on Weverse on Thursday informing his fans about the reports. There is an article out there that I didn’t intend to be published. In any case, I ask ARMY to refrain from coming to the training centre. There will be many other people there and it could get dangerous if there are too many people. Army I love you, BTS Jin Wrote. A fan responded to Jin’s update with mixed emotions. I am sad because Jin will be enlisted shortly at the same time angry that they are invading Jin’s privacy. What about Jin’s safety and privacy now that we know he must leave? Despite the fact that he hasn’t even arrived, information has already been leaked. Someone tweeted, He needs to be protected from those who will try to sell him out.

The importance of respecting his wishes and leaving him alone cannot be overstated, wrote a Twitter user. If they are really a REAL ARMY, I hope they will understand this situation…. I hope they will understand his concerns for our safety! Love yourself before you start loving artists… That’s more like it, read one tweet. A new report has emerged saying that Jin will begin his military service on 13th December. A month after his agency BigHit Music announced he would enlist, a new report says the singer will begin his service on 13th December. On Thursday, BigHit Music addressed Jin’s enlistment in the South Korean military. Unnamed military authorities were quoted in the South Korean daily Aju Business Daily as saying Jin was going to be deployed after attending boot camp. Jin will enter the recruit training centre in Yeoncheon County, Gyeonggi Province, according to Soompi.

SEE: Fan’s Reaction on Twitter as BTS Jin set to begin His military service

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Lala Kent Slammed Balenciaga For ‘horrifying’ Children Advertising Campaign

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Lala Kent is furious over Balenciaga’s recent child ad campaign that seems to be disturbing. Balenciaga, one of the most popular brand was recently having its new collection displayed on social media. However, Lala Kent seems to have found something objectionable with it. Post in which she has called out Balenciaga.

Read ahead to know more about Lala Kent upset over disturbing Balenciaga child ad campaign.

Balenciaga’s recent child ad campaign

Balenciaga, the old and famous fashion house keeps adding new collection to its brand often. For which they come up with ad campaigns too. As they recently did the same with an ad campaign featuring two girl kids with plush bear bags. The pics of which were available on social media.

Balenciaga on Instagram posted pics of the two girl kids holding the bear bags. However, it seems that there’s something wrong with those new collections by Balenciaga’ having kids in them. In fact, it has already come in sight of Lala Kent and everyone else.

Lala Kent furious over Balenciaga’s child ad campaign

As Balenciaga came with a child ad campaign for supporting their spring/summer 2023 collection. The photos of the ad on Instagram caught the sight of Lala Kent. As the ad had the two girl kids holding plush bear bags with bondage gear on it.

Further, one of the set pics of the shoot looked like a document beneath a bag to be from court about child po*nography laws. Pointing out the same Lala Kent wrote “I’m sure I’ll be shadow banned…again, for posting this-but I have to”.

Adding more on the campaign she said “if you zoom in, it SEEMS to state horrifying words”. Further, she said, “reject the darkness” and “find the light” in the context of the disturbing ad campaign.

Lala Kent
Instagram/Lala Kent

Balenciaga’s reaction to Lala calling out the disturbing child ad campaign

After Lala Kent raised her voice against the child ad campaign of Balenciaga. The brand seems to have removed the ad campaign. Also, it made sure to make an apology for the same. Moreover, it mentioned in the statement “strongly condemns abuse of children in any form”.

While it also said that it’s taking action against the party responsible behind this ad campaign with unapproved items and set. To which Kent replied, “Yo, @balenciaga-YOU ARE THE PARTY RESPONSIBLE”.

Ruchi Singh

I’m a passionate writer who believes in the magic of words. I’m a former magazine writer and I love reading books that makes people grow to a better person. Every word holds an energy and I use them to create a positive beautiful life. #StayPositive #StayBlessed

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Mirror Mirror Festival: Ticket, Price, Date, Lineup, and Where to buy?

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Mirror Mirror Festival: Ticket, Price, Date, Lineup, and Where to buy?

There’s a one-day special festival called the Mirror Mirror Festival coming up for all in 2022. The festival is happening in memory of legendary artist and designer Virgil Abloh and it’s going to be a special event in his honor. Hence, if you wish to take part in it. Then here we have all the updates available for you all about the Mirror Mirror Festival.

Read ahead to know more about Mirror Mirror Festival and all its updates.

Mirror Mirror Festival 2022 dates announced

Though towards the end of 2022, we have lots of festivals lined up to take place. What we are getting as a special festival is the Mirror Mirror Festival announced recently. The event is happening in memory of designer Virgil Abloh.

The dates for the special event of Mirror Mirror Festival is announced. As it takes place on the 3rd of December, 2022. The event is also having an amazing lineup to enjoy. That you surely shouldn’t miss out. Hence, we have brought you the ticket details for the event as well.

What’s going to be special about the Mirror Mirror Festival 2022?

The Mirror Mirror Festival 2022 is taking place on 3rd December 2022 at the FPL Solar Amphitheatre, Bayfront Park, Miami, Florida. Further, we are having the best part of the event coming with the lineup of the event. That has performers such as Travis Scott, Skepta, Benji B, and many more.

Not to miss, we have the Mirror Mirror Festival 2022 getting organised by the creative company of the late Virgil Abloh i.e. Virgil Abloh Securities. The company has its CEO and MD in Shannon Abloh, the wife of Virgil Abloh. Meanwhile, the performers of the event are it Travis or others are also serving as the curator of the festival.

Tickets details and more for Mirror Mirror Festival 2022

Well, in case you don’t want to miss the Mirror Mirror Festival 2022 that’s dedicated to Virgil Abloh. Then don’t forget to grab your tickets for the event before time. As it might get sold out quickly. Hence, you can get the tickets available from 23rd November 2022 at around 10 am ET.

Tickets you can buy on the festival’s official website. Don’t forget, the Mirror Mirror Festival 2022 is having a limited edition festival merch capsule. That consists of hoodies, tees, caps, and even a tote. The event is also to make its contribution towards the launch of The Abloh Foundation.

Ruchi Singh

I’m a passionate writer who believes in the magic of words. I’m a former magazine writer and I love reading books that makes people grow to a better person. Every word holds an energy and I use them to create a positive beautiful life. #StayPositive #StayBlessed

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