The First Trillionaire In History Has Lost That Title Once Again

Elon Musk's net worth fell to $982.9 billion following the decline in SpaceX's stock price.

American businessman Elon Musk has once again lost his trillionaire status, according to Forbes. His net worth currently stands at $982.9 billion.

His net worth has shrunk by approximately $26.3 billion due to a more than 3% drop in SpaceX’s stock price after the markets opened. This happened just four days after he regained his trillionaire status.

Musk first became a trillionaire in mid-June—after SpaceX’s IPO, Forbes estimated his net worth at $1.1 trillion—but two weeks later, he returned to billionaire status.

Musk was recognized as a trillionaire for the second time on June 29, but it didn’t last long: by July 1, his net worth had fallen back into the billions.

The most recent time Musk became a trillionaire was on October 9.

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