Elon Musk loses world’s richest person title to Jeff Bezos

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Key Points

Musk lost his position atop the Bloomberg Billionaires Index to Jeff Bezos after shares in Tesla Inc. tumbled 7.2% on Monday..

Musk now has a net worth of $197.7 billion; Bezos fortune is $200.3 billion...

The wealth gap between Musk, 52, and Bezos, which at one point was as wide as $142 billion, has been shrinking as Amazon and Tesla shares move in opposite directions..

Musks wealth could take a further hit after a Delaware judge struck down his $55 billion pay package at Tesla, where hes chief executive..

Bernard Arnault, 74, the chairman of LVMH Moet Hennessy Louis Vuitton, the worlds largest luxury-goods maker, also ranks among the worlds wealthiest with a net worth of $197.5 billion..

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