Elon Musk is officially $111 billion poorer than his peak - as Tesla stock pulls back more than 40%

The recent stock market slump took a sizeable 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 Takeaways - Musk’s net worth fell by $1.5 billion on the day to $353.2…