Fact checked by Giselle Cancio Elon Musk is referred to as "the world's richest man" so frequently that you might think he trademarked the phrase. But the South Africa-born billionaire also holds another distinction: the largest loss ever of a personal fortune.

While Tesla CEO Elon Musk isn't in any danger of struggling to make ends meet, his wealth has taken a significant hit recently as shares of the electric vehicle company tumble on the stock market. Some analysts say it's an indication that Musk's controversial comments and connection to the Trump administration are having an impact on his personal riches.

Elon Musk’s net worth has been hit significantly after losing more than $100 billion due to Tesla stock plummeting. Forbes reported earlier this week that Tesla stock prices dropped by more than 15% on Monday,