Elon Musk's net worth has reportedly decreased by approximately $350 billion in the past week due to a significant selloff of SpaceX shares, raising questions about his status as a trillionaire.

Elon Musk's net worth has reached a record $1.3 trillion following a significant increase in the share price of SpaceX, the aerospace company he founded. This surge in value marks a notable milestone for the South Africa-born entrepreneur.

Elon Musk's net worth has decreased by $118 billion, causing him to fall below the trillionaire status. This significant decline occurred in a single adjustment, according to Nairametrics.

In the first half of 2026, the Johannesburg Stock Exchange (JSE) experienced volatility and uncertainty, resulting in a decline in share prices for large companies. However, a few small companies managed to provide some positive returns, offering a slight contrast to the overall trend, according to The Citizen Business.

In June 2026, the market capitalization of Nigeria's largest listed companies, categorized as SWOOT (Stocks Worth Over One Trillion Naira), decreased by N11.97 trillion month-on-month. This decline was attributed to profit-taking and foreign exchange pressures, leading to a significant sell-off in the stock market, according to Nairametrics.

Elon Musk is no longer a trillionaire following a decline in global technology stock prices, which resulted in a loss of $500 billion (£500 billion) in his wealth. This significant drop has affected his financial status, according to Global Publishers.