Elon Musk no longer holds the title of the world’s richest man after Tesla’s shares dropped 8.6% on February 22, a $15.2bn hit to his net worth.

The founder and chief executive of electric car company Tesla ceded his crown at the top of the ranking to Jeff Bezos, founder of retail giant Amazon, who boasts a fortune of $186.3bn as of 22 February, according to Bloomberg Billionaires Index, which tracks the daily ranking of the world’s richest people.