Elon Musk is no longer the second-richest person in the world

Friday, March 5, 2021 at 5:12pm UTC

Elon Musk lost his position as the second-richest in the world. Tesla and Space X CEO's fortune posted losses of about $6.2 billion dropping him third in the Forbes billionaire rankings.

Musk's overall net worth has fallen down dramatic since January when the CEO was valued at around $197 billion and after a consecutive within the last few weeks.

In February, Elon Musk lost around $15.2 billion in a day when Tesla shares witnessed a dramatic fall of 25%. At the time, Musk's net worth was valued at $166.1 billion.