Elon Musk Is No Longer The Richest Man In The World

Popular tech entrepreneur, Elon Musk is no longer the richest man in the world.

Sadly, the billionaire’s position as the wealthiest person in the world was short-lived after his fortune fell by nearly $14 billion in one day.

Shares of his electric-vehicle maker, Tesla, fell by nearly 8% on Monday, Jan 11. This pushed Musk’s fortune down to US$176.2 billion.

He is now about $6 billion behind Bezos, who has a net worth of $182.1 billion.

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Elon Reeve Musk FRS is a business magnate, industrial designer and engineer. He is the founder, CEO, CTO and chief designer of SpaceX; early investor, CEO and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI.

He was elected a Fellow of the Royal Society (FRS) in 2018. Also that year, he was ranked 25th on the Forbes list of The World’s Most Powerful People, and was ranked joint-first on the Forbes list of the Most Innovative Leaders of 2019. A centi-billionaire, Musk became the richest person in the world in January 2021.

Elon Reeve Musk was born on June 28, 1971, in Pretoria, Transvaal, South Africa. His mother is Maye Musk (née Haldeman), a model and dietitian born in Saskatchewan, Canada, but raised in South Africa.

His father is Errol Musk, a South African electromechanical engineer, pilot, sailor, consultant, and property developer.