[97493] Elon Musk lost the trillionaire title: his fortune dropped below the trillion threshold

Elon Musk lost the trillionaire title: his fortune dropped below the trillion threshold

Elon Musk lost his status as the first person in history whose fortune crossed the trillion-dollar mark, less than two weeks after achieving this milestone. According to data from the Bloomberg Billionaires Index, the fortune of the SpaceX and Tesla founder dropped by $118 billion and currently stands at approximately $957 billion.

The decline in wealth is attributed to a plunge in the value of shares of Musk's companies. As reported by IZ.RU, SpaceX stock recorded declines for three consecutive days following the announcement of a bond issuance to fund artificial intelligence projects, while Tesla shares also retreated on the NASDAQ exchange. Various media outlets, including TASS and RIA Novosti, emphasized that Musk earned the trillionaire title only on June 12, immediately following the SpaceX IPO.

Press coverage of the topic ranges from dry economic reporting to mocking commentary. The Nexta Live channel, identified with critical stances toward key political and economic figures, cynically described the event as a "tragedy." Conversely, the Rubin tbc channel published an extensive post using a humorous tone to illustrate the "daily drama" Musk experienced in falling back to the status of "merely" a billionaire.

While some reports, such as that of War Zone, used blunt and critical language toward the billionaire, Uncle Sam - which presents a line supporting Donald Trump - noted that despite the sharp decline in wealth, Musk remains "the richest person in the world." The core information across most news channels remained consistent and based on the Bloomberg Billionaires Index.