Tesla CEO Elon Musk saw his net worth fall below the $200 billion mark. Tesla shares hit a 52-week low in early trading, as Forbes first reported that Musk’s fortune fell to about $195.6 billion.

However, Musk is still the richest person in the world. His recent acquisition of Twitter has affected Tesla stock, according to some financial experts. Musk’s net worth has now fallen by more than $74 billion.

“There is growing concern that Twitter is more intrusive on Musk than most people expected before the deal,” CFRA Research analyst Garrett Nelson told Forbes.

In July, his wealth plummeted by nearly $62 billion. Jeff Bezos’ fortune has shrunk by about $63 billion. Mark Zuckerberg’s net worth has more than halved.

Bloomberg reported that the world’s 500 richest people lost $1.4 trillion in the first half of 2022, the largest six-month drop in the world’s billionaire class ever.

Elon Musk, meanwhile, sold nearly $4 billion worth of stock in the electric-car company, according to SEC filings on Tuesday, more than a week after he completed its $44 billion acquisition of Twitter.

Musk used Tesla stock to fund most of his Twitter purchases, and he sold more than 19 million shares worth more than $3.9 billion, SEC filings show.

In early November, he announced a monthly fee of $8 to verify users’ accounts, arguing that the plan would solve the platform’s problems with bots and trolls while creating a new revenue stream for the company.