Tesla's share price fell 6%, and Musk gave up the position of the richest man in the world to the boss of LV

At the close of trading on Monday, Tesla's share price fell 6.27% and is currently quoted at $167.82 a share, with a market capitalization of $525.859 billion.

According to the Forbes rich list, Tesla CEO Elon Musk (Elon Musk) is no longer the world's richest man after his net worth was surpassed by Bernard Arnault, chairman of LV Group.

According to the Forbes rich list, Musk currently has a net worth of $181.3 billion, less than the $186.2 billion of Arnott and his family.

CTOnews.com has reported that Musk has been at the top of the Forbes rich list since he overtook Amazon founder Bezos to become the world's richest man in September 2021.

Tuyuan Unsplash Musk's fortune peaked at $320 billion in November 2021, but with the huge acquisition of Twitter and the 50% drop in Tesla's share price, his wealth has also shrunk sharply, losing more than $135 billion, or more than 940 billion yuan, since its peak.