Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B - Business

Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B (8884 Views)

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Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by TruthU87(op): 6:15pm On Jun 25

Elon Musk became the first trillionaire in world history when SpaceX went public on June 12, boosting his fortune to an estimated $1.1 trillion. Then as the rocket maker’s stock soared by 40% to its all-time high during the trading day on June 16, Musk’s net worth briefly peaked at a record $1.45 trillion, before SpaceX’s stock sank by 31% through Tuesday. Thanks to that slump, and new restrictions on $116 billion of Musk’s Tesla stock, the world’s richest person is no longer a trillionaire. He’s worth an estimated $962 billion as of the end of the day Tuesday.

Last Tuesday, Musk gave up $7.1 billion of his Tesla stock to cover the exercise price on all of the Tesla stock options he received as part of his 2018 CEO performance award, which was voided by a Delaware judge in 2024 and restored by the Delaware Supreme Court in 2025. After the latter ruling, Tesla and Musk entered into a new agreement in April that turned Musk’s options into restricted stock upon exercise that he will forfeit unless he remains at Tesla through January 2028 as CEO or “an executive officer responsible for the Company’s product development or operations.”

https://www.forbes.com/sites/mattdurot/2026/06/24/elon-musk-is-no-longer-a-trillionaire/

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by TruthU87(op): 6:15pm On Jun 25

Tesla is indeed overvalued

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by Stephen0mozzy: 6:26pm On Jun 25

I don't think Elon gives a rat's ass about Trillionaire status. All he needs if he cared, is to sell X (Twitter) and balance up.

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by Flangelo12: 6:31pm On Jun 25

Finally, we are in the same WhatsApp group.

Non-Trillionaire Boyz.

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by sleek214(m): 6:59pm On Jun 25

I already knew he won't stay there for 2 months

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by HenryStarlife(m): 9:35pm On Jun 25

Stephen0mozzy:
I don't think Elon gives a rat's ass about Trillionaire status. All he needs if he cared, is to sell X (Twitter) and balance up.

𝕏 is more of a tool than an asset.
There’s no chance he’s selling his backyard lol dude literally tweet every minute.n

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by HacheNoire: 10:12pm On Jun 25

Only newbies didn’t know that spaceX stock was a pump and dump!

Elon is not a scientist or Engineer but the best marketer the world has ever seen. The moment you know that fact and current world trends, you start to have an idea about his game plan.

My forecast, he will go lower on paper and fools will pay the price. But on real figures, he is already a trillionaire

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by Opinedecandid(m): 10:13pm On Jun 25

That, to me is a very little and inconsequential setback. He'll recover and get back up before the year ones out.

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by Omoojugo: 10:16pm On Jun 25

sleek214:
I already knew he won't stay there for 2 months

are you jealous he’s rich?

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by Teelabo(m): 10:16pm On Jun 25

The way this dude networth dey always drop is baffling. Abi the guy is playing betting ni

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by CaptainFM1: 10:17pm On Jun 25

What is 43Naira drop to someone that can buy Nigeria?

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by Dogalmighty17: 10:18pm On Jun 25*

He will loose more. His companies are overvalued. While Tesla is the world's leading EV producer, it doesn't even rank among the top 10 vehicle manufacturers in the world. The company currently has a market cap of 200 billion dollars.

I understand that SpaceX has huge potentials. That intrinsic value is what drives its market worth into trillions but investors are begining to see into the hype.

Mind you, Elon still hasn't paid the banks for the money he borrowed to buy twitter. He doesn't have it. He and his companies are coasting on vibes. The moment he dares sell any stock, the share price of X will collapse. He knows this and that's why he quickly forced himself to associate with Donald Trump.

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by Slippy: 10:20pm On Jun 25

Lol he still has 962bn left cheesy

he will be alright grin

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by JuanDeDios: 10:22pm On Jun 25

Stephen0mozzy:
I don't think Elon gives a rat's ass about Trillionaire status. All he needs if he cared, is to sell X (Twitter) and balance up.

Funny. X is a part of his net worth. Selling it MAY raise cash for him but won't increase his net worth.

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by LordReed(m): 10:24pm On Jun 25

TruthU87:
Tesla is indeed overvalued

Unfettered capitalism is going to kill the human race.

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by Timfreds(m): 10:26pm On Jun 25

At least, he hit the landmark, even if there's setback.

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by AngelicBeing: 10:27pm On Jun 25

HacheNoire:
Only newbies didn’t know that spaceX stock was a pump and dump!

Elon is not a scientist or Engineer but the best marketer the world has ever seen. The moment you know that fact and current world trends, you start to have an idea about his game plan.

My forecast, he will go lower on paper and fools will pay the price. But on real figures, he is already a trillionaire

, LoL at fools will pay the price, this is Deep ooooooooo mucheche Hahaha 😂

Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by Neoteny(m): 10:29pm On Jun 25

TruthU87:
Tesla is indeed overvalued

Yep. It's a meme stock.

While SpaceX is daylight robbery for rubes who deserve to be shafted.

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by Richtaiwo(m): 10:33pm On Jun 25

Stephen0mozzy:
I don't think Elon gives a rat's ass about Trillionaire status. All he needs if he cared, is to sell X (Twitter) and balance up.

What's this one saying? Do you think his net worth is determined solely by the cash he has? Isn't X part of his net worth? If X is valued at $100 billion in the assessment of his wealth, what difference would it make even if he convert it into cash by selling it?

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by Wotowotoman: 10:34pm On Jun 25

HacheNoire:
Only newbies didn’t know that spaceX stock was a pump and dump!

Elon is not a scientist or Engineer but the best marketer the world has ever seen. The moment you know that fact and current world trends, you start to have an idea about his game plan.

My forecast, he will go lower on paper and fools will pay the price. But on real figures, he is already a trillionaire

Ogbeni shut up and stop yearning dust. Person wey study Physics na wetin? Person from young age wey dey teach himself computer programming and computer coding and was building computers at 12 na wetin? huh

See as you just open mouth waaaaa to yearn wetin you no sabi. Which kind thing be this? Chei, to drop konk for person bald head just dey hungry me walahi angry

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by AndroBlaze: 10:35pm On Jun 25*

Neoteny:
Yep. It's a meme stock.

While SpaceX is daylight robbery for rubes who deserve to be shafted.

Someone who knows what he is talking about.

Musk is the biggest con man since Carlo Ponzi.

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by Sccarrr(m): 10:39pm On Jun 25

The racist Audio Trillionaire 😵‍💫

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by manuelkel(m): 10:41pm On Jun 25

AndroBlaze:
Someone who knows what he is talking about.

Musk is the biggest con man since Ponzi.

The word “con-man” is a perfect definition of Musk. I always told my bro Musk is a cheat, you can't hit such landmark without cheats.

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by Emeskhalifa(m): 10:47pm On Jun 25

sleek214:
I already knew he won't stay there for 2 months

Yeah, right now, that spot is a volatile spot

Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by Zoom62: 10:48pm On Jun 25

It's insignificant,he will bounce back

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Re: Elon Musk Loses Trillionaire Status As His Net Worth Drops To $957B by Dpaulie(m): 10:49pm On Jun 25

Welcome back to our midst Elon... let's stay here for billi... Jeff called last night but I didn't pick but later texted if I Dey hear from u since you were lonely at the top

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