Elon Musk's extraordinary rise to an estimated $1.3 trillion fortune (around £977.6 billion) has unravelled almost as quickly as it began, with the billionaire's paper wealth shrinking by around $600 billion (£451 billion) in just weeks as SpaceX shares tumbled following the company's blockbuster stock market debut.
The dramatic reversal has pushed Musk's estimated net worth below $700 billion, underscoring how rapidly market valuations can inflate — and erase — the fortunes of the world's wealthiest individuals.
