Elon Musk’s Net Worth Drops by $52 Billion, But He Remains the Richest Person in the World
Elon Musk has seen a significant drop in his net worth, losing $52 billion since the beginning of 2025. Despite this staggering loss, Musk still holds the title of the richest person in the world, with a fortune of $380 billion, according to the Bloomberg Billionaires Index.
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Tesla’s Decline and Musk’s Net Worth
Tesla’s stock has been on a steady decline, dropping 8% before market close on Tuesday and falling over 20% in the past month. For the first time since November 2024, Tesla’s market value dipped below $1 trillion.
The electric vehicle company is facing a sharp sales slump, with a 45% decrease in sales across Europe last month, despite the growing popularity of electric vehicles in the region, according to the European Automobile Manufacturers' Association.
Factors Behind Tesla’s Sales Slump
While Musk’s politics may have made him a divisive figure, there is little evidence that his political stances have contributed to the slump in Tesla’s sales.
Instead, growing competition, particularly from Chinese electric vehicle manufacturers, and slowing demand growth in the U.S. have been major factors in the company’s struggles this year.
The Rise and Fall of Musk’s Wealth
Musk’s net worth peaked at a record $347.8 billion in November 2024, shortly after Donald Trump won the U.S. presidential election. At that time, investors believed that Musk’s close relationship with Trump would usher in deregulation that would benefit Tesla.
His net worth surged by $83 billion by the end of November, as his influence seemed poised to propel his companies forward.
Musk’s Influence and Ventures
Musk’s influence extends far beyond Tesla. He is the CEO of SpaceX, the owner of X (formerly Twitter), and the head of several other ventures, including Neuralink, xAI, and the Boring Company. He has also made controversial moves, such as overseeing government efficiency initiatives, including large-scale job cuts and downsizing in federal agencies.
Musk’s Recent Losses and Continued Dominance
Despite the recent dip in Musk’s net worth, which fell by $5.2 billion last week, he remains far ahead of his competitors. With a $380 billion fortune, Musk is still $144 billion richer than the second-richest person in the world, Meta CEO Mark Zuckerberg.
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