Elon Musk Might Lose "Second Richest Person" Tag Soon

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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.