Elon Musk’s net worth drops below $400 billion
In a significant development, Elon Musk, the world’s richest person, saw his net worth drop below $400 billion for the first time in 2025. According to Bloomberg, Musk’s net worth is now $379 billion, a staggering decline from the peak of over $500 billion just a few months ago. The Tesla CEO’s net worth dropped as Tesla shares slumped due to investor concerns regarding the EV giant’s future amid rising competition and risks related to Musk’s political activities.
Musk’s net worth has been on a steady decline since the beginning of the year, with his net worth dropping by over $100 billion in the first quarter of 2025 alone. The decline is attributed to a combination of factors, including increased competition in the electric vehicle (EV) market, concerns over Tesla’s ability to maintain its market share, and Musk’s high-profile political activities.
Tesla, which was once the dominant player in the EV market, is now facing stiff competition from other EV manufacturers such as Volkswagen, General Motors, and Ford. These companies have been increasing their investment in EV technology and expanding their production capabilities, which has led to concerns over Tesla’s ability to maintain its market share.
In addition to the competition, Tesla’s shares have also been impacted by Musk’s political activities. Musk has been actively involved in the political scene, particularly with regards to his support for the Republican Party. This has led to concerns among investors that Musk’s political activities may be a distraction from his role as CEO of Tesla, and that his involvement in politics may have a negative impact on the company’s performance.
The decline in Musk’s net worth has also had a significant impact on the broader market. The decline in Tesla’s shares has led to a decline in the overall market, with many other tech stocks also experiencing a decline in value.
Despite the decline in his net worth, Musk remains one of the richest people in the world. His net worth of $379 billion is still significantly higher than that of other billionaires, including Jeff Bezos, Bill Gates, and Mark Zuckerberg.
In conclusion, Elon Musk’s net worth dropping below $400 billion is a significant development that highlights the challenges faced by Tesla and the broader EV market. The decline in Musk’s net worth is a reflection of the increased competition in the EV market and the concerns over Tesla’s ability to maintain its market share. However, despite the decline, Musk remains one of the richest people in the world and his net worth is still significantly higher than that of other billionaires.
