Musk is out of the $200 billion club.
Rokas Tenys | Shutterstock Musk lost $11.1 billion in a single day as the electric carmaker&s share price fell.
The tech sector has sold off more broadly, which has led to a decline in the price ofTesla. It has fallen under 38% since Musk struck a deal to buy the company.
Elon Musk demands a daily routine.
Musk stirred controversy when he threatened to cut his offer based on the number of bots on the social media platform. The value of the company appears to have been affected by the uncertainty.
The circus show has been a major overhang on the stock.
Musk dropped out of the $200 billion club twice this year, once in February and again in March. Stock market rallies pushed him back over the threshold twice.
The net worth of Musk is the lowest it has been in a year. He is still the world's richest person despite losing over $75 billion this year.
Musk is $65 billion richer than Bezos, who has lost $65 billion this year. Bill Gates, Warren Buffet and Bernard Arnault are all worth over $100 billion.
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