Tesla Inc CEO Elon Musk is no longer in the $200 billion club, of which he was the sole member, after the electric vehicle maker’s latest stock plunge, Bloomberg News reported on Wednesday.
What Happened: The billionaire entrepreneur’s net worth dropped to $192.7 billion on Tuesday as shares of Tesla fell nearly 7 percent.
Tesla’s drop outpaced that of the broader S&P 500 Index, which ended the day down 0.8 percent.
Musk continues to be the richest person on earth even as his net worth is the lowest since Aug. 26.
Amazon.com Inc founder Jeff Bezos is second richest at $127.8 billion, according to the Bloomberg Billionaires Index….