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 decreased by $118 billion, causing him to fall below the trillionaire status. This significant decline occurred in a single adjustment, according to Nairametrics.

SpaceX shares fell below their debut price, resulting in a loss of $600 billion in value, before experiencing a recovery of 2.4 percent. This fluctuation occurred amid broader turbulence in the tech market, according to Al Jazeera.

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.

Telkom's CEO and CFO have received shares valued at R24 million as part of a R57 million share bonanza. This allocation highlights the company's executive compensation strategy, although further details on the distribution and implications of these shares were not provided.

According to Soko Directory, South Africa continues to play a significant role in Africa's wealth landscape, but its dominance is gradually decreasing. The report highlights that East and West Africa are emerging as key contributors to the continent's next wealth boom.