The fortune of the world’s 10 wealthiest men doubled during the Covid pandemic, as per a report. During the first two years of Covid, poverty and inequality soared, Oxfam report said. These men’s wealth jumped from $700 billion to $1.5 trillion, an average rate of $1.3 billion/day. Oxfam said the fortune of the wealthiest men rose more during the pandemic than it did in the last 14 years. The Oxfam report said inequality is contributing to the death of 21,000 people every day. Oxfam report added that pandemic has plunged 160 million people into poverty.

Wealth of world’s 10 richest men doubled during Covid pandemic: Report

World's richest person Elon Musk has already lost $50 billion this week as Tesla Inc. shares fell for the second day in a row.

Musk is currently worth $323 billion, according to the Bloomberg Billionaires Index, notwithstanding the losses.

According to Bloomberg, the $50 billion loss is the greatest two-day drop in the index's history.&nbsp;

Tesla's stock dropped dramatically this week after Musk asked his Twitter followers over the weekend if he should sell 10% of his stock to pay taxes. 
 
Watch | Gravitas: The story of Elon Musk

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/gravitas-the-story-of-elon-musk-355489/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The answer was a resounding yes, sending Tesla stock plunging as much as 7% on Monday.

Tesla's stock price fell as much as 12% on Tuesday after notorious short-seller Michael Burry hinted in a now-deleted tweet that Musk may seek to sell his shares to meet his personal obligations.

Share prices were also dragged down by reports that Musk's cousin and EV business director, Kimbal Musk, sold more than $100 million in Tesla stock last week.&nbsp;

Despite this week's steep drop, Tesla shares are still up 40% year to date - and Musk remains the richest man on the planet, trailing second-wealthiest man Jeff Bezos by $122 billion, according to the Bloomberg Billionaires Index.&nbsp;

(With inputs from agencies)

World's richest person Elon Musk has already lost $50 billion this week as Tesla Inc. shares fell for the second day in a row. Musk is currently worth $323 billion, according to the Bloomberg Billionaires Index, notwithstanding the losses.

World's richest person Elon Musk has already lost $50 billion this week as Tesla Inc. shares fell for the second day in a row. Musk is currently worth $323 billion, according to the Bloomberg Billionaires Index, notwithstanding the losses. According to Bloomberg, the $50 billion loss is the greatest two-day drop in the index's history. Tesla's stock dropped dramatically this week after Musk asked his Twitter followers over the weekend if he should sell 10% of his stock to pay taxes. Watch | Gravitas: The story of Elon Musk The answer was a resounding yes, sending Tesla stock plunging as much as 7% on Monday. Tesla's stock price fell as much as 12% on Tuesday after notorious short-seller Michael Burry hinted in a now-deleted tweet that Musk may seek to sell his shares to meet his personal obligations. Share prices were also dragged down by reports that Musk's cousin and EV business director, Kimbal Musk, sold more than $100 million in Tesla stock last week. Despite this week's steep drop, Tesla shares are still up 40% year to date - and Musk remains the richest man on the planet, trailing second-wealthiest man Jeff Bezos by $122 billion, according to the Bloomberg Billionaires Index. (With inputs from agencies)

Elon Musk loses record $50 billion in 2 days as Tesla shares fall

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Wealth of world’s 10 richest men doubled during Covid pandemic: Report

Elon Musk loses record $50 billion in 2 days as Tesla shares fall