Elon Musk's net worth decreased significantly on June 24, 2026, resulting in the loss of his trillionaire status. This decline was attributed to a global downturn in the technology sector, which has impacted the valuations of several companies, including Musk's SpaceX.
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Elon Musk's Wealth Declines Following Global Tech Market Downturn
On June 24, 2026, Elon Musk lost his status as a trillionaire due to a significant decline in his net worth. This decline is linked to a broader downturn in the global technology market affecting various companies.
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Original Headline
Elon Musk loses trillionaire status as global tech rout hits SpaceX
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Elon Musk's Wealth Declines Following Global Tech Market Downturn