2025 hasn’t been financially kind to Elon Musk, the world’s richest person and advisor to U.S. President Donald Trump. So far this year, Musk’s wealth has plummeted by $132 billion.
On March 10, Tesla’s shares dropped by 15%, wiping out $29 billion from Musk’s fortune in a single day. His total wealth now stands at $301 billion, a sharp decline from the $433 billion he had at the start of 2025.
In December 2024, Musk’s wealth hit a record high of $486 billion, but Tesla’s continuous stock decline has severely impacted his net worth this year. Musk owns 21% of Tesla, with 68% of his wealth tied to the company.
Following Musk, Amazon founder Jeff Bezos ranks as the second richest person with a net worth of $216 billion, despite losing $4.21 billion on March 10.
Meta’s Mark Zuckerberg holds the third spot with $211 billion, followed by France’s Bernard Arnault at $183 billion. Oracle’s Larry Ellison ranks fifth with a fortune of $169 billion