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Fortune

Chloe Taylor

Elon Musk is no longer the world’s richest man—and the amount he’s lost this year is enough to land 4th place on the list

Elon Musk Jeff Bezos Tesla Inc. Amazon Bernard Arnault LVMH Twitter Inc.

Elon Musk (Credit: Rob Kim—GC Images/Getty Images)

Elon Musk is no longer the wealthiest person in the world, thanks to the plummeting price of Tesla shares, which dragged the serial entrepreneur into second place.

Musk, CEO of Tesla and Twitter, saw his net worth overtaken by that of French billionaire Bernard Arnault on Monday, according to data from Forbes.

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