Elon Musk Is No Longer a $200 Billion Man

Tesla CEO was the only person in the world with a fortune valued at over $200 billion.

Elon Musk, the CEO of electric vehicle manufacturer Tesla remains the richest man in the world, but his fortune has fallen sharply.

Since June 13, Musk, who was the only person in the world to possess an estimated fortune above $200 billion, has returned below this bar.

his net wealth is currently valued at $197 billion, down $11.9 billion from June 12.

The $200 billion club thus loses its last and only member.

Musk's fortune, which is largely based on his stake in Tesla and his other company SpaceX, has shrunk by $73.2 billion since January. Musk currently holds 23.5% of Tesla shares..

It's the second time this year that the tech tycoon has left the $200 billion club.

The first time this happened was in February, but the mogul quickly rebounded as Tesla stock resumed its rally on Wall Street.