Businessman, head of SpaceX, Tesla and X companies Elon Musk announced that he no longer holds the status of the world's first trillionaire, calling himself a "former trillionaire".
The fortune of the entrepreneur exceeded 1 trillion dollars after SpaceX's IPO on June 12. The company's stock hit an all-time high of $225.64 on June 16, just days after its Nasdaq debut, making Musk the world's first trillionaire.
But since then, SpaceX shares have fallen by about 50% and were trading at around $114 at the time of publication. As a result, Musk's wealth also decreased significantly, and he confirmed that he is no longer a trillionaire.
