Elon Musk’s Net Worth Sinks Below $300 Billion
Elon Musk, the CEO of Tesla has seen his net worth fall below $300 billion for the first time since November. On April 8, 2025, Musk lost about $4.4 billion in one day as Tesla’s shares continued to drop. According to the Bloomberg Billionaires Index, his total wealth now stands at $297.8 billion.
Last week was also difficult for Musk with a massive $31 billion loss over just two days. So far in 2025, his fortune has reduced by $134.7 billion. On Monday alone, Musk was the sixth-biggest loser among the world’s top 500 richest people. Overall, the index recorded a $271 billion drop marking it as one of the worst days ever.
One major reason for this decline is the introduction of new tariffs by U.S. President Donald Trump. These trade rules have negatively affected several companies, including Tesla. While Musk was once known to have a friendly relationship with Trump, this link now seems to be hurting his business.
In addition, Tesla has been dealing with protests and acts of vandalism both in the U.S. and abroad. Many people have criticized Musk’s political opinions and social media activity, leading some customers to avoid buying Tesla vehicles.
Tesla’s stock has dropped over 50% since its highest point in December. Musk recently posted online, supporting a “zero-tariff” trade system between the U.S. and Europe. His brother, Kimbal Musk, also a Tesla board member, called the current tariffs a “permanent tax” on American shoppers.
He pointed out that even with more jobs coming back to the U.S., prices will stay high due to less efficient local production.
