American businessman and owner of companies like SpaceX and Tesla, Elon Musk, became the first person in the world whose wealth was estimated at over a trillion dollars, but has since lost the status of “trillionaire”. Musk reached this record level of wealth after it was decided that SpaceX would offer its shares on the stock markets, media reports.
This decision significantly increased the value of the company, and due to the share of shares owned by Musk, his wealth was estimated at more than a trillion dollars. When SpaceX shares were at their highest, Musk owned assets worth about $1.45 trillion, an all-time record.
However, the value of SpaceX shares then fell by 31 percent, while a portion of Musk’s Tesla shares, worth about $116 billion, were restricted due to a previous agreement between the businessman and Tesla executives. As a result of these developments, Musk’s wealth has fallen to around $962 billion, but he continues to remain the richest man in the world. /Telegraph