Musk and CZ Trade Jokes on Twitter Amidst Net Worth Swing
Elon Musk's recent comment about being a 'former trillionaire' has drawn attention in the cryptocurrency community, particularly from Binance co-founder Changpeng Zhao.
Musk, CEO of Tesla, posted on social media that he is '(Former) Trillionaire', referencing his net worth falling below $1 trillion. Zhao responded with the quip 'New definition of pre-rich' to Musk's comment.
The reaction shows how online culture and influence between figures can overshadow market swings themselves.
Musk's decline in net worth has been tied to a recent drop in SpaceX's corporate valuation, where most of his wealth is invested. He remains the world's richest person but could see his net worth change based on changes in SpaceX's value.