Musk’s Net Worth Drops $650 Billion Since June, Still Above $700 Billion
JH Kim
Summary
- Walter Bloomberg reported that Elon Musk’s net worth has fallen by about $650 billion since June.
- The decline came as Tesla and SpaceX both saw their valuations fall.
- Investors are watching whether the current AI growth trend can justify high valuations.
Forecast Trend Report by Period
Walter Bloomberg reported on July 28 that Elon Musk’s net worth has fallen by about $650 billion since June, when SpaceX’s valuation peaked. The drop came as the valuations of both Tesla and SpaceX declined.
Musk’s net worth still exceeds $700 billion, keeping him the world’s richest person. That is about 45 times the fortune of Zhu Yiming, founder of Chinese memory chipmaker CXMT. Investors are focused on whether the current pace of AI growth can justify lofty valuations.
JH Kim
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