Jeff Bezos becomes the wealthiest man after Tesla stock wiped billions out of Elon Musk’s fortune

After briefly topping Forbes’ list of the richest people, Elon Musk fell back to second place, behind Amazon CEO Jeff Bezos. Tumbling shares of Tesla, his electric-vehicle company, on Monday chopped $13.5 billion off his fortune.

Musk on Thursday became the world’s richest person; his fortune grew by more than $150 billion in a year.

But Tesla shares fell by nearly 8% on Monday, their largest one-day fall since late September. Based on Forbes’ estimates, this pushed his total wealth down to $176.2 billion, compared with Bezos’ $182.1 billion fortune.

Despite Musk’s wealth loss, his net worth is still $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.

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