Elon Musk’s Net Worth Drops $22.2 Billion in a Single Day – What’s Behind the Decline?
Elon Musk, the visionary CEO of Tesla and the world’s richest individual, recently saw his net worth plunge by $22.2 billion in just 24 hours, bringing his total fortune to approximately $364.3 billion. The sharp decline is primarily attributed to Tesla’s stock facing a significant downturn, leading to a massive erosion of market capitalization. Since the beginning of 2025, Musk’s wealth has contracted by roughly $102 billion, marking a 24% decrease and leaving his estimated net worth at $330 billion.
Tesla’s 35% drop in stock value has wiped out over $400 billion from the company’s market cap, now standing below $900 billion. Market analysts point to growing investor concerns regarding Musk’s political involvement—particularly his substantial financial support for Donald Trump’s re-election campaign and his unexpected appointment as the head of the Department of Government Efficiency (DOGE). This political engagement has sparked fears that Musk’s focus may be shifting away from Tesla’s core operations, potentially contributing to weaker sales in key markets.
Despite these market fluctuations, Musk remains the wealthiest individual by a wide margin, holding a commanding lead of $108 billion over Amazon founder Jeff Bezos. While Tesla faces challenges, Musk’s long-term vision and diversified business ventures continue to keep him at the forefront of global wealth rankings. 📉💰
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