Elon Musk's net worth drops below $1 trillion amid tech sell-off
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FOX Business
9d ago· 3 min readenNews
Summary
Elon Musk's net worth has fallen below $1 trillion to $946 billion, less than two weeks after he became the first person to reach trillionaire status. The decline follows a broader tech sell-off driven by investor caution over AI profitability, which affected shares of SpaceX and Tesla. Despite the drop, Musk remains the world's richest person by a wide margin, with Larry Page in second place at $296 billion.
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bskyElon Musk's net worth drops below $1 trillion amid tech sell-offfox26houston.comKey quotes
· 5 pulledElon Musk is no longer worth more than $1 trillion, less than two weeks after becoming the first person to reach the milestone.
Musk's net worth was valued at $946 billion as of Wednesday, according to the Bloomberg Billionaires Index.
The drop came after shares of SpaceX and Tesla fell during a broader tech sell-off.
Investors have become more cautious about the long-term profitability of artificial intelligence.
Musk remains the world's richest person by a wide margin.
Elon Musk is no longer worth more than $1 trillion, less than two weeks after becoming the first person to reach the milestone.
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