Musk and CZ Trade 'Pre-Rich' Jokes Amidst Musk's Sliding Net Worth

Binance founder Changpeng Zhao responded to Elon Musk's self-deprecating quip about his personal wealth, calling it 'pre-rich.'

Musk had described himself as an 'ex-almost-billionaire,' and Zhao framed it as a new definition of 'pre-rich.'

The exchange came amid reports that Musk's net worth had slipped below the $1 trillion threshold after shedding over $100 billion from prior levels.

The decline was largely attributed to a drop in the valuation of SpaceX, where a significant share of Musk's wealth is concentrated.