Elon Musk loses trillionaire status: Here's why his net worth fell
World's first trillionaire is no longer a trillionaire!
SpaceX founder Elon Musk lost his trillionaire status after a sharp sell-off in Tesla and SpaceX shares pushed the world's richest person back below the 13-figure mark. According to Bloomberg's Billionaires Index, Musk's net worth has fallen to $957 billion. This comes after he become the world's first trillionaire earlier this month, following SpaceX's landmark initial public offering, which valued the rocket company at more than $2 trillion.
SpaceX founder Elon Musk lost his trillionaire status after a sharp sell-off in Tesla and SpaceX shares pushed the world's richest person back below the 13-figure mark. According to Bloomberg's Billionaires Index, Musk's net worth has fallen to $957 billion. This comes after he become the world's first trillionaire earlier this month, following SpaceX's landmark initial public offering, which valued the rocket company at more than $2 trillion.
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