Elon Musk Is Officially $116 Billion Poorer Than His Peak—As Tesla Stock Pulls Back More Than 40%

Topline The recent stock market slump took a sizable chunk out of the net worth of the world’s richest man, Elon Musk, who doubles as President Donald Trump’s chief of cost-cutting, as shares of Musk’s car company Tesla flounder. Key Facts Musk’s net worth fell by $7.1 billion Tuesday to $347.7…