SpaceX and Tesla Inc (NASDAQ:TSLA) (Tesla Inc (NASDAQ:TSLA)) chief executive Elon Musk's net worth has dropped below US$200bn again.
Tesla’s share price fell 7% overnight knocking Musk’s net worth to a mere US$192.7bn.
Musk remains the world's richest person even so and is still far ahead of space exploration rival and Amazon.com Inc (NASDAQ:AMZN) (Amazon.com Inc (NASDAQ:AMZN)) founder Jeff Bezos, who is second on the list with a net worth estimated at US$127.8bn.
Tesla was already on the slide after the S&P Global Ratings' decision to drop it from its ESG index, a decision that wiped US$12bn from the tech billionaire’s net worth.
Musk’s fortune last fell below the US$200bn threshold in March, though a rally in the markets lifted saw it bounce to US$288bn on April 4, according to the wealth index.
On the same day, Musk announced he had acquired 9% of Twitter Inc (NYSE:TWTR) and announced a takeover bid days later and eventually won board approval, but doubts have grown amid a tech stock rout that hit both companies' share prices.
Musk said earlier this month the deal would be on hold until Twitter Inc (Twitter Inc (NYSE:TWTR)) published proof of the number of accounts controlled by bots, whereas Twitter says the purchase is proceeding normally.