Elon Musk Loses $52 Billion in 2025 But Remains World’s Richest Person
Billionaire entrepreneur Elon Musk has seen his net worth plunge by $52 billion since the start of 2025, yet he still holds the title of the world’s richest person, according to the Bloomberg Billionaires Index.
The decline is largely attributed to Tesla’s struggling stock, which fell 8% on Tuesday and has dropped over 20% in the past month. The company’s market valuation has now slipped below $1 trillion for the first time since November 2024.
Tesla’s Sales Struggles and Market Challenges
Tesla has been facing a sharp downturn in sales, with a 45% drop in Europe last month, despite the region’s strong demand for electric vehicles. Industry analysts suggest that increased competition in China and slowing demand in the United States are contributing factors to Tesla’s slump.
However, this is a stark contrast to November 2024, when Musk’s fortune soared to a record $347.8 billion following Donald Trump’s U.S. presidential election victory. At the time, investors speculated that Musk’s ties to the Trump administration could lead to favorable deregulation policies benefiting Tesla.
Despite Tesla’s stock decline, analysts believe the company could still recover. Steve Man, global lead director for auto and industrial market research at Bloomberg Intelligence, stated that while Musk’s political affiliations spark controversy, Tesla continues to lead in technological innovation and cultivate a loyal fan base.
Musk’s Expanding Influence and Wealth Gap
Beyond Tesla, Musk remains at the helm of SpaceX, X (formerly Twitter), Neuralink, xAI, and The Boring Company. He also oversees the Department of Government Efficiency (DOGE), where he has implemented controversial downsizing measures within the U.S. federal government.
Despite the recent financial setback, Musk’s latest net worth stands at $380 billion, still $144 billion ahead of Meta CEO Mark Zuckerberg, who holds the second spot on the Bloomberg Billionaires Index.
