Despite a significant decline in wealth, Elon Musk remains one of the wealthiest individuals in the world. At the end of 2024, Musk’s net worth stood at an estimated $432 billion, with a substantial portion of his wealth attributed to his stake in Tesla Inc. However, the start of 2025 has been less favorable, with Musk’s wealth falling by over $100 billion.
What Happened
Musk’s wealth peaked in 2024, with a notable increase of $203 billion. He became the first person to reach the $400 billion milestone, surpassing other prominent billionaires. His wealth was so substantial that it exceeded the combined value of every MLB, NBA, NFL, and NHL team.
Current Wealth
As of April 2025, Musk’s net worth has declined to $310 billion, representing a loss of $122 billion. Despite this significant drop, Musk remains wealthier than other notable billionaires, including:
- Jeff Bezos, Amazon founder, with a net worth of $202 billion
- Jensen Huang, NVIDIA co-founder, with a net worth of $90 billion
- Mark Cuban, entrepreneur and NBA owner, with a net worth of $7.55 billion
Combined Wealth
Interestingly, Musk’s current net worth exceeds the combined wealth of Bezos, Huang, and Cuban, which stands at $299.55 billion. Even adding the net worth of Palantir CEO Alex Karp, who is worth $9.35 billion, would not surpass Musk’s current wealth.
Impact on Tesla
Musk’s wealth decline is largely attributed to the decline in Tesla’s stock price, which has fallen by 32.6% year-to-date in 2025. The company’s brand value has suffered, and sales have slipped in Europe and other regions. Musk remains a significant shareholder in Tesla, and the EV stock accounts for a substantial portion of his wealth, along with stakes in other companies like X, SpaceX, and xAI.
Record-Breaking Loss
In 2021, Musk set a Guinness World Record for the largest one-year drop in wealth, losing between $180 billion and $200 billion. He is currently on pace to break this record, but a potential turnaround in Tesla’s stock price, driven by upcoming catalysts, could help prevent him from breaking his own record.
Key Takeaways
- Elon Musk’s net worth has declined by $122 billion in 2025
- Musk remains wealthier than Bezos, Huang, and Cuban combined
- Tesla’s stock price decline has significantly impacted Musk’s wealth
- Musk is on pace to break his own record for the largest one-year drop in wealth, but a turnaround in Tesla’s stock price could prevent this.