Musk loses $50B as Tesla shares plunge

Photo by: Tesla
Photo by: Tesla

(Palo Alto, CA) -- The world's richest man is down 50-billion dollars.  

Tesla CEO Elon Musk lost that much in just two days after shares in his electric car company plunged. It's the biggest two-day decline ever in the Bloomberg Billionaires Index.  

Musk is also facing a looming 15-billion dollar tax bill, but his fortune is still up 70-percent this year and he tops Amazon founder Jeff Bezos by 83-billion dollars.