Experts have explained why Elon Musk’s net worth has plummeted by a whopping $102 billion in just two months.

The richest man in the world has seen a huge hit to his wealth in recent weeks.

And one financial expert has lifted the lid on why the Tesla boss is experiencing such a drop.

While we’ll keep our tiny violins to one side for now – after all, the mogul is hardly experiencing the depths of financial woes, Musk has seen his bank balance take quite the hit recently, with his net worth dropping by around 24%.

According to a report by Entrepreneur, this is due to a plummet in Tesla share prices, which have dropped from $404 to $263 this year.

And there could be a simple explanation for the downturn in value, according to experts.