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Elon Musk’s net worth has dropped by $75 billion in 2025, down to $357 billion, amid Tesla’s declining sales, political fallout with President Trump, and widespread vandalism targeting the brand. While other billionaires like Larry Ellison and Mark Zuckerberg saw major gains from the AI rally, Musk’s fortune suffered due to an 18% fall in Tesla stock and questions over its fundamentals. The only other billionaire to suffer a comparable reduction was Bill Gates, but the Microsoft co-founder’s wealth dropped due to philanthropy.
It’s been an up and down year for Elon Musk. In January he (and his Tesla shares) were flying high on account of his warm relationship with the most powerful man on earth, the president of the United States.
A matter of months later and Musk, the richest man on the planet was out of the White House. He left behind the Department of Government Efficiency, which he helped create, to refocus on Tesla as it suffered boycotts and a shaky share price.
Then came the almighty fall out between Musk and Trump, with the latter threatening to pull contracts for Musk’s private business.
Musk’s net worth has had a similarly volatile year. While he maintains his position as the richest person on the planet, few people come close to rivaling the eye-watering sum his fortune has lost in 2025.
On the final day of 2024, Musk’s net worth stood at $432 billion—some way off his all-time high of $486 billion, but far from its low. At the time of writing Musk’s net worth stands at $357 billion, per the Bloomberg Billionaires Index, representing a $75 billion decline.
Conversely, many other people on the world’s rich list have seen their fortunes soar on account of an AI-driven rally in the markets. Oracle’s Larry Ellison, for example, is up from $192 billion at the end of last year to $303 billion at present. Meta’s Mark Zuckerberg is up from $207 billion at the end of 2024 to $272 billion at the time of writing.
Further down the list, Amazon founder Jeff Bezos has netted a loss from $239 billion at the end of 2024 to $234 billion at the time of writing—a fraction of the reduction seen to Musk’s empire.
Former Microsoft CEO Steve Ballmer has netted a gain in 2025, and Alphabet co-founder Larry Page’s net worth is slightly up from its 2024 end with a current value of $174 billion.
The only person that even comes close to a net worth reduction as significant as Musk is Microsoft co-founder Bill Gates—and he’s giving it away.
Bloomberg’s Billionaires Index shows Gates’s fortune dropped from $175 billion to $124 billion overnight on July 2, though this is due to a recalculation. The index explained the figure was lowered “to better reflect Gates’ outside charitable giving.”
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