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Elon Musk’s net worth takes a dive after SNL gig: report

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Elon Musk’s net worth takes a dive after SNL gig: report

It wasn’t just some of Elon Musk’s jokes that bombed on last weekend’s “Saturday Night Live.”

The quirky billionaire’s net worth has dropped by $20.5 billion since his less-than-starmaking comedy debut, Forbes estimated.

But the Tesla and SpaceX leader probably doesn’t have to worry just yet: he’s still valued at a whopping $145.5 billion at the close of the markets on Thursday.

That would mean he’s still the third richest person on Earth and $110 billion richer than he was a year ago, the Forbes analysis said.

The publication based its estimates on Tesla shares dropping 15% this week. On Wednesday, Musk announced the company would no longer accept Bitcoin as a payment for its electrical vehicles, which put the cryptocurrency in a plunge.

Elon Musk  host “Saturday Night Live”
Saturday May 8, 2021
Elon Musk’s net worth has dropped by $20.5 billion since his appearance on SNL.
SNL

Musk, one of the rare hosts who wasn’t an actor or athlete, joked about Dogecoin during his SNL monologue, which featured a guest appearance from his mother.

“I’m excited for my Mother’s Day gift,” Musk’s mother said. “I just hope it’s not Dogecoin.”

Dogecoin dropped 21% during the broadcast, according to Coindesk’s price history.

Elon Musk  host “Saturday Night Live”
Saturday May 8, 2021
Even after his net worth drop, Elon Musk is still the third richest person on Earth.
SNL

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