Elon Musk’s rank as the richest man in the world has ended after his fortune dropped by around $14 billion in one day.
As a result of the forrune drop, Musk now ranks as the second richest man in the world.
Shares of his electric-vehicle manufacturer, Tesla, dropped by approximately 8% recently.This dropped Musk’s fortune down to US$176.2 billion.
After he briefly overtook Amazon CEO, Jeff Bezos as the world’s richest person, Musk has again dropped to second spot, according to the estimates of Forbes.
By implication, he is now around $6 billion behind Bezos, whose net worth is $182.1 billion.