Elon Musk’s net worth continued its strong downward trend this week as Space Exploration Technologies (NASDAQ:SPCX) stock plunged to a record low and Tesla (NASDAQ:TSLA) wavered.
According to Bloomberg data, Elon Musk's net worth has dropped to $913 billion, a decline of more than $407 billion from its record high of $1.32 trillion.
He is still the richest person on earth, with his wealth being bigger than that of three other billionaires – Larry Page, Sergey Brin, and Jeff Bezos – combined.
The ongoing retreat is mostly because of SpaceX, whose stock has remained in free fall.
It dropped from a record high of $225 on June 16 to $145 on Friday this week as the post-IPO hype continued fading.
