There are 254 fewer billionaires, according to Forbes’ World’s Billionaires rankings.
Some of the most notable former billionaires are Ye, the rapper formerly known as Kanye West, and Sam Bankman-Fried.
FTX founder Sam Bankman-Fried's fortune took a hit after he was charged with fraud. He's accused of stealing money from customers who had deposits in his cryptocurrency trading platform. Bankman-Fried was previously worth $24 billion, according to Forbes. He's now reportedly worth less than $10 million.Tesla founder and current Twitter CEO Elon Musk is no longer the richest person in the world. That honor now goes to France's Bernard Arnault.
Musk now sits at No. 2 on the list with a net worth of $181 billion, Forbes reports. Most of his wealth has been generated by Tesla and SpaceX.
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