ME News reports that on August 4 (UTC+8), Elon Musk’s net worth declined by $363 billion in July—a drop exceeding the total net worth of any individual ranked second through tenth globally. This massive fluctuation was primarily driven by a nearly 50% correction in SpaceX’s stock price following its successful IPO in June, compounded by a sharp decline in Tesla’s shares due to disappointing financial results, causing the value of Musk’s stakes in both companies to evaporate rapidly. Earlier in mid-June, Musk briefly became the first person in history to reach a $1 trillion net worth, peaking near $1.45 trillion. However, his wealth quickly retreated amid broader tech stock corrections, setbacks with Starship launches, and market concerns over inflated valuations. Despite this, he remains the world’s richest person. (Source: BlockBeats)
Elon Musk's net worth falls by $363 billion in July
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Summary
According to MetaEra, Elon Musk’s net worth dropped by $363 billion in July 2026, falling below the combined wealth of the second through tenth richest individuals. The decline followed a nearly 50% drop in SpaceX stock after its June IPO and weak Tesla earnings. Musk briefly reached $1.45 trillion in mid-June but has since lost value amid broader tech stock declines, Starship delays, and valuation concerns. Altcoins may attract increased attention as investors seek alternatives during the broader market pullback.
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