Tesla's (TSLA) stock fell 11.5% last week. Musk, who owns nearly 18% of Tesla's shares, bore most of the brunt of that massive sell-off. Musk's wealth fell by $27 billion last week, according to Bloomberg's Billionaires Index. Elon Musk set records last year for one of the fastest streaks of wealth accumulation in history but the Tesla Inc. CEO has lost $27 billion since Monday as Tesla shares tumble in the selloff of tech stocks. His $156.9 billion net worth still places him No. 2 on the Bloomberg Billionaires Index, but he’s now almost $20 billion behind Jeff Bezos, who he topped just last week as the world’s richest person.Musk and Amazon (AMZN) CEO Jeff Bezos have been swapping places on Bloomberg's list of richest people in the world since January. But Musk now sits in a distant second place: $157 billion, compared to Bezos' net worth of $177 billion. Tesla's stock gained 743% in 2020, propelling it to No. 5 on the list of most valuable companies on the stock ma...
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