The Tesla mogul fell to 3rd location in the Forbes billionaire rankings and is even further and even further away from Jeff Bezos.

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This was not a very good day for Elon Musk , as he dropped his situation as the next richest individual in the planet . The Tesla CEO’s fortune posted losses of about $ 6.2 billion , dropping him to 3rd in the Forbes billionaire rankings .

Musk’s losing streak commenced on Wednesday, as at the end of the working day he experienced shed about 6.5 billion pounds . The mogul stayed at amount three for quite a few hours right until this early morning, when fluctuations in the stock market place aided him get better and return to the posture he held.

On the other hand, today’s session was not in its favor, as Tesla shares fell close to 5% . Now, your internet well worth is 150.900 million, while last February 17 was 191,000 billion.

Despite the fact that this could be typical actions for the stock industry and it is incredibly possible that it will rebound in the around foreseeable future, for now he will have to give the crown to one more billionaire.

Supply: Forbes Actual-Time Billionaires Record

With Elon Musk preventing two consecutive times of losses, now the next richest particular person in the planet is the Frenchman Bernard Arnault , operator of the conglomerate LVMH , with a fortune of 155.600 million dollars .

The LVMH group encompasses much more than 70 luxury manufacturers . These contain Louis Vuitton , Christian Dior , Fendi , Givenchy , Marc Jacobs , Fenty Elegance , Bvlgari , Tiffany & Co. and Sephora.

Right until past thirty day period, Elon Musk and Jeff Bezos took turns rating to start with and 2nd on Forbes’ billionaires checklist. On the other hand, now the founder of Amazon surpasses the CEO of SpaceX by nearly $ 25 billion , as his present-day web well worth is $ 175.4 billion .

Just 10 days back, on February 24, Tesla fell 25% and Elon Musk lost much more than $ 15 billion in a solitary working day . At that time, the 49-yr-old tycoon’s fortune was $ 166.1 billion .