The US$200bil club loses last member as Elon Musk’s wealth tumbles

Musk remains the richest person in the world, according to the Bloomberg Billionaires Index. Still, he has seen US$71.7bil (RM300.85bil) wiped out from his fortune so far this year. — AFP

No person on the planet has a fortune of more than US$200bil (RM839.20bil) – at least for now.

Elon Musk, the only billionaire who still exceeded that threshold heading into this week, saw his wealth tumble by US$13.3bil (RM55.80bil) on Feb 23 to US$198.6bil (RM833.32bil). Tesla Inc shares fell for the fourth-straight day to the lowest level since September amid a broad decline in stock markets around the globe.