Elon Musk Net Worth Drops $75 Billion Amid Tesla Challenges

In 2025, Elon Musk's net worth has plummeted by approximately $75 billion, dropping from around $432 billion at the end of 2024 to between $352 billion and $375 billion, primarily due to Tesla's stock decline of about 18-23%, falling sales, and political fallout with President Donald Trump. Musk's strained relationship with Trump, including threats to pull contracts and vandalism against Tesla locations, compounded challenges for the company and Musk's wealth. Despite this, Musk remains the richest person globally, though his lead is narrowing as billionaires like Larry Ellison and Mark Zuckerberg have seen significant gains driven by an AI market rally. Musk has shifted focus back to Tesla after stepping away from his role at the Department of Government Efficiency, with shareholders awarding him a substantial pay package to keep him focused on Tesla amid its recent revenue and earnings declines. Musk's other ventures, including SpaceX and xAI, contribute to his overall wealth, but Tesla's near-term future remains uncertain amid competition in AI and autonomous driving. In contrast, Bill Gates' notable net worth decline stems from deliberate philanthropic efforts, highlighting differing trajectories among the world's wealthiest individuals.