business
Elon Musk loses trillionaire status as global tech rout hits SpaceX
Key takeaways
- Elon Musk during the Cannes Lions International Festival Of Creativity 2024.
- Tech entrepreneur Elon Musk lost his trillionaire status on Tuesday, less than two weeks after becoming the first person to achieve it following Space X's public debut, according to data from Bloomberg.
- The Bloomberg Billionaires Index - updated daily at 17:30 in New York (22:30 BST) - valued his fortune at $957bn (£727bn) on Tuesday, down from the $1.11tn valuation less than 14 days ago.
Elon Musk during the Cannes Lions International Festival Of Creativity 2024.
Tech entrepreneur Elon Musk lost his trillionaire status on Tuesday, less than two weeks after becoming the first person to achieve it following Space X's public debut, according to data from Bloomberg.
The Bloomberg Billionaires Index - updated daily at 17:30 in New York (22:30 BST) - valued his fortune at $957bn (£727bn) on Tuesday, down from the $1.11tn valuation less than 14 days ago.
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