Based on Bloomberg’s report, Elon Musk has lost the second-richest position in the world. As Tesla’s CEO and founder of SpaceX, he lost his ranking after losing a total of $3.16 billion in one day. On another note, he lost his spot to the 72-year old LVMH Chairman Bernard Arnault. Musk’s fortune has dropped about $9.1 billion this year, while Arnault has climbed the most. More so, LVMH CEO added $47 billion to his total net worth, now having $161.2 billion. This article was first published on coinquora.com Continue reading on CoinQuora We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.