Elon Musk’s net worth slips after eventful week: report

The head of Tesla and SpaceX is still the third richest person valued at $145.5 billion

Elon Musk may have gotten a lot of publicity from his appearance on last weekend’s "Saturday Night Live", but it didn't help his net worth.

The billionaire’s net worth has dropped by $20.5 billion since his appearance, according to Forbes and reported by the New York Post.

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The head of Tesla and SpaceX is still the third richest person valued at $145.5 billion and up $110 billion from a year ago as of the close of Thursday's markets.

Its been an eventful, but costly week for Musk. First, he hosted SNL where as part of a comedy skit, he made a joke about the cryptocurrency Dogecoin which he has been throwing his support behind.

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That sent Dogecoin down 21% during the broadcast., according to Coindesk.

He also set a new policy concerning Bitcoin and Tesla cars.

On Wednesday, Musk announced the company would no longer accept Bitcoin as a payment for its electrical vehicles, which sent the cryptocurrency reeling.

Ticker Security Last Change Change %
TSLA TESLA, INC. 619.25 +2.65 +0.43%

Musk said that while he believed the digital currencies had a promising future, it could not come at the cost of the environment.

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Forbes estimates Tesla shares dropped 15% this week.