Elon Musk’s Net Worth Drops $350 Billion in a Week After SpaceX Slump

Elon Musk has lost $350 billion, about £264 billion, in a week after SpaceX shares fell nearly 30% from last Tuesday’s peak.

Forbes reported the world’s richest man’s net worth dropped from $1.45 trillion to just under $1.1 trillion following the decline.

The drop exceeds the total wealth of the world’s second-richest person, Larry Page, whose fortune Forbes estimates at just over $299 billion.