Elon Musk drops from trillionaire list

Elon Musk lost his trillionaire status after a decline in SpaceX and Tesla shares caused his net worth to fall from over $1.11 trillion to approximately $957 billion. The downturn followed a broader tech market sell-off driven by doubts over artificial intelligence profitability and concerns over company spending. Despite this loss, Musk remains the world's richest person, with his wealth heavily concentrated in SpaceX and Tesla.

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