United Kingdom, June 25 -- Elon Musk has lost his trillionaire status less than two weeks after becoming the first person to surpass the $1 trillion mark, following a sharp sell-off in shares of SpaceX and Tesla.

According to the Bloomberg Billionaires Index, Musk's net worth fell to $957 billion (£727 billion) on Tuesday (23.06.26), down from $1.11 trillion less than a fortnight earlier.

Despite the decline, the entrepreneur remains the world's richest person by a considerable margin.

Musk's brief spell as the world's first trillionaire followed the long-awaited public debut of SpaceX on the Nasdaq exchange on June 12.

The rocket company's shares were priced at $135 before opening at $150, giving SpaceX a valuation of more than ...