Elon Musk’s net worth sinks to two-year low

Musk’s fortune is primarily comprised of Tesla stock and options. The automaker’s spiralling shares pose a particular risk for Musk, 51, who leveraged more of his position to finance his acquisition of Twitter in October. — Reuters

Elon Musk’s fortune continues to take a beating a week after he lost his spot as the world’s richest person.

His net worth tumbled US$7.7bil (RM34.2bil) on Tuesday after Tesla Inc shares had their steepest one-day loss since October.