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Tesla CEO Elon Musk’s net worth is down $44 billion this year

Yahoo Finance Live’s Brian Sozzi breaks down the stat of the day.

Video Transcript

BRIAN SOZZI: All right let's get our Stat of the Day here. Elon Musk will probably see more than a billion dollar boost to his net worth after Tesla's latest earnings were embraced by investors. But it hasn't been smooth sailing for Elon's net worth this year, as Tesla shares are off by roughly 27%. According to the Bloomberg Billionaires Index, Musk's worth, world leading net worth has dropped $44 billion this year to only $225 billion.

JULIE HYMAN: Aw.

BRIAN SOZZI: It's a tough world, folks. It's a tough world.

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