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Elon Musk knocked off top of world's richest people list as Tesla stock value plummets

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19.05.2021 - 06:25

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www.dailystar.co.uk

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Elon Musk has fallen down the rankings of the world's richest people and is now in third place, behind Amazon's Jeff Bezos and Luis Vuitton's Bernard Arnault.In January this year Musk rose to the top of the global wealth rankings as his net worth climbed to an astonishing £136 billion.His time on top was short-lived, however, with departing Amazon CEO Jeff Bezos reclaiming the top spot just a month later after his $191.2 billion fortune overtook SpaceX founder's then $173.4 billion net worth.Musk has seen his stock fall and he now has a fortune of $160.6 billion, down 24% from its January high, according to the Bloomberg Billionaires Index.His company Tesla has taken a hit in its stock value by 2.2% on top of last week's 15% slump.

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