Washington-SANA
US billionaire Elon Musk has lost $ 27 billion since Monday, after shares of his company, Tesla, fell in the sell-off of tech stocks.
And in 2020 Musk's fortune more than quadrupled, until he became the richest person in the world in January of this year.
The meltdown began on February 16, when Tesla's shares fell 2.4 percent, wiping $ 4.6 billion from CEO Musk's fortune and pushing him down from first place in the Bloomberg Billionaires Index ranking.
Amazon chief executive Jeff Bezos, who held the title for more than three years until January 2020, regained his first position with a net worth of $ 191.2 billion, while Musk's relegation ended his nearly six-week term as the world's richest man.
After the big declines in his company's shares to nearly $ 6.2 billion as of last Wednesday, Musk fell further to third place in the Forbes billionaire rankings list, as he is now about $ 20 billion behind Bezos.
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