Elon Musk becomes second richest man as Tesla’s shares fell by nearly 8%

Tech billionaire Elon Musk reign as the richest man in the world halts at four days after Tesla’s stock nosedived and fell by nearly $14 billion on Monday.

He has become second and behind Amazon’s CEO, Jeff Bezos on the world’s richest list.

Musk on Thursday, January 7 became the world’s richest man after his fortune grew by $150 billion in a year.

But shares of his electric-vehicle maker, Tesla took a hit on Monday as shares fell by nearly 8%. And based on Forbes estimate, this pushed his total wealth down to $176.2 billion, compared with Bezos’ $182.1 billion fortune.

Despite the fall, Musk’s net worth is $20 billion above Bernard Arnault, the CEO of the French luxury-goods conglomerate LVMH and the world’s third-richest person, according to Forbes’ estimates