Elon Musk’s position as the wealthiest person in the world was short-lived after his fortune fell by nearly $14 billion in one day.

The Tesla billionaire is now the second-richest person in the world.

Shares of his electric-vehicle maker, Tesla, fell by nearly 8% on Monday, Jan 11.This pushed Musk’s fortune down to US$176.2 billion.

After briefly overtaking Amazon CEO Jeff Bezos as the world’s richest person last Friday, Jan 8, Musk has again fallen to second spot, according to Forbes’ estimates.

He is now about $6 billion behind Bezos, who has a net worth of $182.1 billion.

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