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yesterday

Elon Musk’s Wealth Falls $80 Billion as Tesla Approves $30 Billion Share Award

A nearly 20 percent drop in Tesla’s stock has pared his net worth to about $352 billion.

Elon Musk (left) has lost $75 billion this year. The one person who has seen a similarly significant drop is Bill Gates (right) and he's giving it away.
If the Tesla billionaire’s wealth drops by another $60 billion, Elon Musk will lose his crown as the richest person on the planet to Oracle’s Larry Ellison.
Elon Musk's political activism has turned from an asset into a liability.
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Overview

  • Musk’s fortune has declined by roughly $80 billion this year, reducing his wealth from over $450 billion to $352 billion, according to Bloomberg’s Billionaire Index.
  • On August 3, Tesla’s board granted him 96 million shares potentially worth up to $30 billion in equity to retain his leadership.
  • His 13 percent stake in Tesla has driven most of the loss, with the company’s share price down nearly 20 percent so far in 2025.
  • Oracle co-founder Larry Ellison has closed the gap to within $60 billion, making Musk’s richest-person status more tenuous.
  • High cash burn at xAI and a slide in The Boring Company’s valuation have compounded volatility in Musk’s overall net worth.