Elon musk's net worth drops by a record $16.3 billon in a single day.

Am sure we are all familiar with the man,Elon musk who was recently on the list if one of the centibillionares in the world.He is also the founder of Tesla Inc.His net worth dropped in a single day by about a whopping $16.3 billion dollars making him now worth about $82.3 billion.This was mainly because of Tesla's drop in about 21% in New York trading.

This is a record set up by him as the largest single day loss in the Bloomberg billionaires index. This loss caused him to fall below Bernard Arnault and is now fifth position of the richest people in the world.Recently,the richest people in the world have seen swings in their networks as Jeff Bezos also lost $7.9 billion.Whiles shanshan,a Chinese business man added over a whopping $30 billion dollars to his fortune.He is now the third richest in China with a net worth of $50.9 billion.

He has also set a record in the Bloomberg billionaires index as the largest gain ever.I must say it is not easy to stay rich.All those men on the rich list are indeed very hard working and I admire them for that.Most people have become rich but lost all their fortune in a matter of time.Only hard work can maintain your wealth

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