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The Economic Times
The Economic Times
National
Trending Desk

Elon Musk net worth declines below $1 trillion: World’s first trillionaire loses elite status as SpaceX stocks slide and Tesla slump hit fortune

Just days after becoming the world's first trillionaire, Elon Musk has seen his fortune shrink dramatically as a sharp decline in SpaceX shares and weakness in Tesla stock erased hundreds of billions of dollars from his peak wealth, reports Business Insider.

According to recent wealth estimates, Musk's net worth has fallen below the trillion-dollar mark after a steep sell-off in SpaceX stock following its blockbuster IPO. Ans this has ended a brief but historic stint as the world's first trillionaire.

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