Elon Musk's fortune has fallen below $700 billion, marking one of the biggest wealth drops ever recorded. His net worth now stands at around $695.7 billion, after reaching a peak of $1.45 trillion in June.
The decline is largely linked to a sharp fall in SpaceX shares, while Tesla's weak performance and disappointing quarterly results have added further pressure. Musk reportedly lost more than $20 billion in a single day.
Despite losing over $750 billion from his peak, Musk remains the world's richest person, ahead of Larry Page, Sergey Brin and Jeff Bezos.