World's richest man Elon Musk's wealth dropped by about $15.3 billion (over ₹1.3 lakh crore) after he announced that he will be forming 'America Party'. A nearly 7% dip in Tesla shares, owing to investors' discomfort regarding Musk's entry into politics, was majorly responsible for a drop in his wealth. Tesla shares have declined 27% so far this year.