Washington, March 10, 2025 – Elon Musk lost $132 billion to Tesla stock slump in 2025, but he remains world’s richest
Tesla’s stock slump, which fell 13.4% since the beginning of 2025 and 27% from its December 2024 peak due to weak global sales and a softening EV market
Musk’s wealth is primarily tied to his stakes in Tesla, SpaceX, X Corp, and other ventures, with SpaceX valued at nearly $350 billion (about KSh 44.98 trillion) as of December 2024
Elon Musk, the billionaire behind Tesla, SpaceX, and X Corp, has seen his fortune take a dramatic hit in the first two months of 2025.
According to the latest estimates from the Bloomberg Billionaires Index, Musk has seen his net worth drop by $132 billion (about KSh 16.96 trillion) between Jan 1, 2025, and March 7.
The sharp drop in Musk’s wealth comes amid a turbulent start to the year for Tesla, the world’s most valuable carmaker.
Economic Times reported that Tesla’s stock has slumped 13.4% since January 1, 2025, and a staggering 27% from its December 2024 peak, when Musk’s net worth briefly soared to $486 billion.
Analysts point to disappointing global sales figures and a softening market for electric vehicles as key drivers of the decline, pushing Tesla’s market capitalization to $942.37 billion (about KSh 121.08 trillion) by late February.
Musk’s wealth is largely tied to his stakes in SpaceX, X Corp (formerly Twitter), and other ventures. SpaceX was valued at nearly $350 billion in a December 2024 tender offer, with Musk owning 42% through a trust.
He controls about 79% of X Corp, which has lost 68% of its value since his $44 billion (about KSh 5.65 trillion) acquisition in 2022, according to Fidelity’s December 2024 filing. His holdings in Neuralink and xAI round up his net worth.
Despite the steep decline, Musk retains his title as the world’s richest individual, with a net worth pegged at $330 billion (about KSh 42.41 trillion) as of March 8.
Even with this setback, Musk’s lead atop the global wealth rankings remains unchallenged.
Mark Zuckerberg, buoyed by Meta’s AI-driven resurgence, sat at $221 billion, while Amazon founder Jeff Bezos trailed at $220 billion, according to Bloomberg’s March 8 snapshot.
