By ABT News Financial Desk
Elon Musk’s net worth has plummeted to $957.1 billion, knocking him below the coveted trillion-dollar threshold following a brutal global tech sell-off. The market correction wiped approximately $500 billion from his fortune in mere days, marking the largest single-week wealth decline in recorded history.
To put the sheer scale of this financial evaporation into perspective, Musk’s one-week loss alone is worth significantly more than the entire fortune of the world’s second-richest individual, Alphabet co-founder Larry Page, whose net worth currently hovers just under $297 billion.
The AI Bubble Bursts?
The broader tech hemorrhage reflects mounting anxieties across Wall Street. Earlier this week, Goldman Sachs articulated growing concerns that the artificial intelligence boom may be cooling. Analysts warned that AI-linked stocks have become exceptionally vulnerable to any signs of a spending slowdown by the major tech titans that have driven the recent market euphoria.
As investors rushed to minimize their exposure, shares tied heavily to AI and future-tech ventures bore the brunt of the impact.
Silicon Valley Feels the Burn
Musk is not the only billionaire feeling the sting of the market reversal. Oracle co-founder Larry Ellison has also seen a historic reduction in his wealth. Ellison’s Oracle-linked fortune, which peaked at an astonishing $400 billion in September 2025, plummeted to approximately $210 billion by Wednesday following a massive sell-off of Oracle stock.
While everyday investors watch the markets with bated breath, the historic destruction of wealth at the top underscores the extreme volatility currently gripping the tech sector. Analysts remain divided on whether this is a temporary market correction or the early stages of a larger crash in the tech and AI sectors.
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