Elon Musk Might Lose "Second Richest Person" Tag Soon


Elon Musk’s wealth continues to plunge more after he lost his spot as the world’s richest person.

As reported by Bloomberg, Musk's net worth tumbled $7.7 billion after Tesla shares had the steepest one-day loss since October.

According to the Bloomberg Billionaires Index, the Tesla chief executive officer’s net worth is now $147.7 billion, the lowest in more than two years.

As per a Reuters report, investors are worried that Musk may sell tesla shares further to fund Twitter and this could hurt the EV maker's brand.