Elon Musk, who briefly became the world's first trillionaire earlier this year, is witnessing one of the sharpest wealth declines ever recorded. The Tesla and SpaceX CEO's net worth has now fallen below $700 billion, driven by a prolonged selloff in SpaceX shares and continued weakness in Tesla stock.
According to the Bloomberg Billionaires Index, Musk's fortune has dropped to $695.7 billion, marking the first time it has fallen below the $700 billion mark since December 2025. While he remains the world's richest person by a wide margin, he has lost more than $750 billion from his peak wealth of $1.45 trillion reached on June 16.
