India, March 11 -- Elon Musk, the world's richest person, lost billions of his net worth after the shares of his Electric Vehicle (EV) giant Tesla Inc, fell over 15% due to concerns of slowing sales.

Musk's net worth as of March 11 was $301 billion, according to the Bloomberg Billionaires Index, which highlighted a year-to-date loss of $132 billion and a loss of $29 billion from the day prior.

Tesla's shares closed 15.43% down, reaching $222.15 on the Nasdaq on Monday, March 10, 2025. This was a decline of $40.52.

However, Musk is still the world's richest individual by a significant margin. Amazon founder Jeff Bezos who trails him, has a net worth of $216 billion, according to the index, which is a difference of $85 billion, or 39.35%...