Elon Musk, the CEO of Tesla, SpaceX, and Twitter, has lost his spot at the top of Forbes’ annual “World’s Billionaires List.” Despite having a net worth estimated at $177 billion in January 2021, he could not hold onto his position as number one. The title now belongs to Amazon founder Jeff Bezos who is currently valued at $197 billion.
The list considers stock prices and asset values from March 5th when it was finalized. Since then Elon Musk’s fortune has dropped by an estimated $15 billion due to a decline in Tesla’s share price, which fell over 20% since February 8th this year following news that the company had sold off some of its Bitcoin holdings for cash.
Despite losing out on first place however Elon Musk remains one of the world’s wealthiest individuals with assets ranging from electric car companies to space exploration projects, such as SpaceX, which recently became only the second private company ever to send astronauts into orbit around Earth aboard its Crew Dragon spacecraft last month. He also continues to be active on social media platforms like Twitter where he often shares updates about his various ventures with millions of followers worldwide – making him wealthy and influential too!