In recent months, Elon Musk’s riches have apparently declined, with his net worth reportedly falling $116,000,000,000 from its high.
Despite this, he continues to be the richest man in the world by a wide margin.
Elon Musk was undoubtedly extremely wealthy, but after Donald Trump won the US election last November, his wealth skyrocketed to previously unheard-of levels.
In the months leading up to his election, Musk was a strong supporter and close ally of Trump, and he benefited immensely from this relationship as the market projected that his firms would flourish as a result of more backing and laxer regulations.
Musk’s wealth and businesses benefited immensely from Trump’s election triumph. Somodevilla Chip/Getty Images)
Between the end of October and the middle of December, the price of Tesla’s stock more than doubled, and a tender offer revealed that SpaceX was now the most valuable private company in the world, valued at $350 billion.
His net worth nearly doubled on its own and surpassed the next richest person on the list by $200 billion in a matter of months, rising from about $250,000,000,000 to an astounding $464,000,000,000.
An employee of Beast Games says he was almost “crushed” in a nearly fatal mishap that was “preventable” on set.
Although he is still the richest person in the world, Forbes reports that his total net worth fell by $116,000,000,000 from its peak, which many attribute to the decline in Tesla’s valuation.
Musk’s current net worth is $347.7 billion, more than $100 billion higher than that of Amazon founder Jeff Bezos ($219 billion) and Meta CEO Mark Zuckerberg ($221 billion), according to the publication’s real-time billionaires index.
Additionally, according to Bloomberg’s billionaires index, Musk has recorded a $96.5 billion decline in net worth so far this year, or around 22.3% of his total wealth.
Since the vehicle company’s closing price of $272 is the lowest end-of-day share price since November 5, or Election Day in the US, the previously mentioned Tesla losses are probably the main cause of this decline.
Recent events have caused Musk’s net worth to plummet, falling $116 billion from its highest point. (AFP via Getty Images/Saul Loeb))
Since China is Tesla’s second-largest customer and generates the majority of the global materials required for the production of electric vehicles, it is probably also connected to the tariffs that President Trump announced on the nation.
Despite disagreements with OpenAI, which he and Sam Altman co-founded, Musk’s artificial intelligence business, xAI, is still expanding, and SpaceX is still strong, particularly since private sector activities seem to be stepping up on the Moon.
Although Musk’s $116 billion reduction may not seem like much in comparison to his current net worth, Forbes points out that the amount alone surpasses the net worth of all but 11 of the richest people in the world.
In the past three months, Musk’s losses have exceeded the net worth of individuals such as Alice Walton, the heir to Walmart, Charles Koch, and Jensen Huang of Nvidia.
Elon Musk’s dad defends his son’s ‘Nazi gesture’
He claims that his son is just a poor speaker.
Elon and Errol Musk are still at the center of the controversy surrounding the Musk family.
Elon Musk is the richest man in the world, but his position as chairman of the Department of Government Efficiency has given him additional authority.
His possible revelation of two more children in the last two weeks, his use of a chainsaw at the Conservative Political Action Conference, and his appearance in the backdrop of Donald Trump photos aren’t the only reasons he’s in the headlines.
Accusations that he gave the “Nazi salute” during President Trump’s inauguration festivities on January 20 were among his most significant scandals. Tesla owners and Musk’s own daughter have voiced their disapproval, but Errol Musk, who is standing up for his son, believes it’s all a misunderstanding.
The’salute’ of Elon Musk is defended by Errol Musk: “It means my right hand is empty, I do not carry a weapon” In an exclusive interview with us, Errol Musk claims that the @elonmusk gesture was not intended to mimic a Nazi salute and that people have misunderstood it. #ElonMusk
Errol Musk claims in an interview with Al Arabia that Elon was having trouble finishing his inauguration address and was attempting to be endearing.
Errol Musk discussed the matter, calling his son a “terrible” public speaker who “has a lot to learn.”
Errol Musk added, “I know him very well, that he was struggling to get through his little speech as fast as possible and to try and look as charming as possible as he could, you know, but he’s.” Musk acknowledged that he had similar difficulties with public speaking when he first started.He has trouble. He isn’t. He hasn’t attained the exceptionally fluid level at which those with years of expertise, like you, can speak with ease.”
Regarding the contentious gesture, Errol went on to say: “It was not a Nazi salute. For maybe the last 10,000 years or more, we have had an international salutation.
And it goes without saying that the ancient German Hail Caesar originated with the Persians, Sumerians, and others. My right hand is empty, that’s all it said. I don’t have any weapons on me.”
Using an X post that depicts Barack Obama, Elizabeth Warren, Hillary Clinton, and Kamala Harris with their arms raised, he then absurdly asserts that other major figures have made the same action.
Errol Musk came to the conclusion that Kamala Harris was acting in the same manner. It didn’t appear to disturb anyone at the time. when they carried it out. Elon was thrusting out of his arm, in contrast.
You know, there’s his real one, which is more akin to the original Hitler one or something. The, you know. The. You know, this is how the Hail Caesar one was, and so forth. No, it was a bunch of bullshit. However. However, the fact that they picked it up in that manner makes it kind of funny.
After calling his son a “bad” father in the past, Errol Musk is now defending him. Speaking on the loss of the billionaire’s first son, Elon’s father asserted that his kids spent too much time with nannies.
Errol Musk and Elon Musk have a somewhat tense relationship, despite the fact that the latter occasionally defends his son.
Even if Tesla entrepreneur Elon Musk is (almost) as wealthy as they come, his net worth is still $70,000,000,000 less than that of the richest person in history.
The CEO of SpaceX and Tesla, who is on track to become the first official trillionaire in history, has a sizable fortune, to put it mildly.
Elon Musk’s net worth is increasing as a result of the 2024 US election, which added even more figures to his bank account.
Even the richest man in the world is still a long way from being the richest man in history.
Money.com claims that Mansa Musa is the recipient of such distinction. With an estimated $400 billion in wealth, Mansa Musa is often regarded as the richest person in history.
Mansa Musa, the ninth Mansa (conqueror) of the Mali Empire, ruled from 1312 to 1337 and owes his enormous wealth to his legacy as the “King of Timbuktu” and his hordes of gold. The Malian Empire was the world’s largest producer of gold during his heyday, when demand for it was at its highest.
Rudolph Ware, an associate professor of history at the University of Michigan, claimed that Musa’s wealth was so overwhelming that it was impossible to describe. Ware states: “The idea is that this is the wealthiest man anyone has ever seen. They’re looking for the right words to describe that.
There are images of him with a golden crown on his head, a cup of gold, and a golden scepter on a golden throne. The message that all of the accounts are attempting to convey is to imagine how much gold you believe a human being might own and double it.
Even though Elon Musk is clearly wealthy and has invested a significant amount of money in a complex to house his kids, Mansa Musa’s wealth is reportedly far greater.
One well-known story is his 1324 journey to Mecca, during which up to 200,000 men are said to have traveled there with 12,000 slaves, each of them is carrying four pounds of gold bars.
Egypt supposedly experienced a monetary crisis as a result of Musa’s extravagant spending. Elon, beat that.
Elon Musk’s net worth has increased by an astounding $70 billion since the election, to $334.1 billion as of this writing.
For comparison, it surpasses Musk’s prior peak of $320.3 billion in November 2021. In the middle of the epidemic, Tesla saw a boom at the time.
It follows a difficult year for the entrepreneur, in which Musk lost $15 billion of his fortune as a result of a poorly executed Tesla display. He has quickly returned to the top, and given that his net worth was only $27 billion at the beginning of 2020, he may soon surpass Mansa Musa’s lifetime value. What’s $70 billion amongst friends, after all?
After Tesla loses its trillion-dollar status, Elon Musk loses more than $1,000,000,000 in two months.
He remains extremely wealthy.
Elon Musk loses $100 billion when Tesla’s stock plummets, depriving the company of its trillion-dollar status.
The 53-year-old is comfortably the richest person in the world, but his electric car business isn’t doing so well.
As Tesla’s stock continues to plummet, the CEO’s net worth has decreased by almost $100 billion since mid-December.
Tesla’s stock dropped another 8% on Tuesday, February 25, closing at $302.80, a 25% decrease so far this year.
According to the data, even while overall EV sales on the continent rose in January, Tesla’s vehicle registrations in Europe fell by 45% from the same month the year before.
Others claim that following Tesla’s enormous gains over the previous year, investors are cashing out. The stock has risen 52% over the past 12 months, notwithstanding the recent downturn. Given the company’s focus on 2025 car deliveries, Gary Black, managing partner of The Future Fund investment firm, cautioned that Tesla shares may fall considerably further this year.
Musk’s impact extends well beyond Tesla; in addition to his contentious position in the Trump administration’s Department of Government Efficiency, he is the CEO of SpaceX, X (previously Twitter), Neuralink, and the artificial intelligence startup xAI.
However, Musk’s many duties have long been acknowledged by Tesla investors, who also attribute the company’s success to his leadership. If anything, they think he’s more than capable of managing several projects.
However, there hasn’t been a lot of favorable feedback from events like the latest robotaxi announcement. Many Wall Street analysts and investors expressed dissatisfaction with the October I, Robot event, stating that it “disappointed expectations in several areas.”
Many investors were not thrilled with the October I, Robot event / Sjoerd van der Wal / Contributor / Getty
Tesla’s stock therefore dropped by about 15%, and Musk’s net worth also suffered because he then controlled about 13% of the business.
Additionally, the production firm behind Blade Runner 2049 is suing Tesla and Elon Musk over the robotaxi design.
However, Musk keeps introducing new Tesla models in response to changing consumer tastes, and the business is also bringing its fully autonomous technology to China.
“Tesla’s new, more affordable vehicle, which I think will be a new form factor and expand Tesla’s total addressable market, along with the promise of unsupervised autonomy, will increase sales of Teslas,” Black wrote on X.
With a net worth of $379.9 billion as of this writing, the tech tycoon is still $144 billion wealthier than Mark Zuckerberg, the CEO of Meta, who is the second richest person in the world.
Elon Musk is thinking of distributing $5,000 payments from DOGE savings to every American.
The plan would first need Trump’s approval.
Elon Musk has stated that he would think about using DOGE savings to pay out to American taxpayers.
The CEO of Tesla reacted to a suggestion for a “DOGE Dividend” on X, formerly Twitter.
To put it another way, Musk would use Department of Government Efficiency (DOGE) savings to provide Americans with a $5,000 tax return check.
James Fishback, the CEO of Azoria and a DOGE outside adviser, presented the proposal. Fishback shared the concept on X and is a vocal admirer of Musk and Trump.
