1. Elon Musk is no longer the World's richest man.
2. He lost his top spot just 48 hours after he became the richest person.
3. According to Bloomberg Billionaires Indes, his net worth reached $187.1 billion earlier this week.
4. However, Tesla shares fell by more than 5 percent on Wednesday which means the net worth drops by $1.9 billion in just a day, according to Fortune.
5. Elon Musk is now placed below Mr. Bernard Arnault whose net worth is $186 billion.
6. As said, just two days before Elon Musk reached the top spot knocking down Bernard and role reversal happened now.
7. According to Bloomberg, however, Tesla had climbed 100 percent.
8. It can be remembered that Mr. Musk's net worth fell by over $200 billion, for various reasons.