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Elon Musk’s net worth plummets by $152 billion due to SpaceX’s stock declineAliko Dangote faces substantial losses as the Nigerian stock market sheds over N2 trillionMarket volatility raises questions about billionaire wealth rankings and future valuations
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
The fortunes of some of the world’s richest men took a major hit on Monday, June 22, 2026, as a selloff in technology and equity markets wiped billions of dollars from their net worth.
At the centre of the rout was Tesla CEO and the world’s first trillionaire, Elon Musk, whose wealth plunged by an astonishing $152 billion in a single day after shares of SpaceX, the recently listed aerospace giant, tumbled 16.43%.
Aliko Dangote loses millions as Elon Musk’s wealth drops. Credit: Bloomberg/ContributorSource: Getty Images
The sharp decline erased a significant portion of Musk’s fortune, reducing his net worth
