India, July 25 -- Elon Musk is still the world's richest person, but his fortune has taken a massive hit over the past week. According to Forbes' Real-Time Billionaires List, Musk's net worth stood at $725.1 billion as of July 24, 2026, keeping him at the top of the global wealth rankings.

The sharp fall came after Tesla shares suffered their worst weekly performance in years, while SpaceX shares dropped below their IPO price.

Together, the declines erased about $130 billion from Musk's wealth in just one week, even though he continues to hold large stakes in both companies and remains far ahead of every other billionaire.

Most of Musk's wealth comes from SpaceX and Tesla, so the fall in both stocks directly affected his fortune. Tesla...