Musk’s Net Worth Down More Than $50 Billion Ahead Of SpaceX IPO - Forbes
ToplineA monthlong decline in Tesla shares has cut more than $50 billion from CEO Elon Musk’s fortune, but the world’s richest person is still expected to become a trillionaire this week amid record-setting demand for SpaceX’s stock debut. A stock debut for Musk’s aerospace firm should make him the first trillionaire, even as Tesla’s latest slide cut into his fortune.dpa/picture alliance via Getty ImagesKey FactsTesla’s shares, which hit a recent peak of $453.40 on May 13, have dropped by nearly 16% as of Wednesday’s closing price of $381.59, which marked the seventh decline for the stock over the previous nine sessions.