Elon Musk falls to second richest person in the world

After a brief stint as the wealthiest person on the planet, Tesla billionaire Elon Musk is again the second-richest person globally after his fortune fell by nearly $14 billion in one day, Report states, citing Forbes.

Shares of his electric-vehicle maker, Tesla, fell by nearly 8% on Monday, pushing Musk's net worth down by $13.5 billion to $176.2 billion. According to Forbes' estimates, after briefly overtaking Amazon CEO Jeff Bezos as the world's richest person last Friday, Musk has again fallen to the second spot.

He is now about $6 billion behind Bezos, who has a net worth of $182.1 billion. Shares of Amazon fell by more than 2% on Monday, lowering Bezos' net worth by $3.6 billion.

For 2020, Musk received several tranches of options worth billions of dollars each as Tesla hit various market capitalization and milestones. The board of directors of Tesla certifies each tranche's award and then states in a regulatory filing with the Securities and Exchange Commission. Musk appears to be eligible for another tranche of 8.44 million options—worth around $6.25 billion as of Monday's closing price—but Forbes hasn't yet attributed these options to Musk because the board hasn't publicly certified them. (Bloomberg appears to count Musk's latest tranche of possibilities in its net worth calculations for Musk.) EBITDA

Despite Musk's drop on Monday, he is still some $20 billion richer than the third richest person globally, French luxury tycoon Bernard Arnault (worth $154.6 billion today).