Elon Musk, the world’s richest person, has witnessed a significant erosion in his wealth in 2025, marking the steepest decline among tech billionaires this year. According to the latest data from the Bloomberg Billionaires Index, Musk’s net worth has plunged by $132 billion as of March 11, 2025. His current fortune stands at $301 billion, down sharply from the record high of $486 billion in December 2024.
Tesla’s Stock Performance Drives the Loss
The substantial drop in Musk’s net worth is primarily attributed to the worst performance by Tesla stocks since September 2020. On Monday alone, Musk lost $29 billion as Tesla shares continued to tumble amid rising market pressures and weakening investor confidence.
Musk, who also leads SpaceX and social media platform X, has been facing increasing scrutiny over his political ties and his role as a senior official in Donald Trump’s cabinet. His dual responsibilities as a government official and a business leader have sparked market concerns about his ability to effectively manage his corporate empire.
In a recent interview with Fox Business, Musk admitted that balancing his government duties and corporate responsibilities has been “distracting.” He acknowledged that leading the Department of Government Oversight and Economic Affairs (DOGE) under Trump’s administration has made it difficult to focus entirely on his business ventures.
Tech Billionaires Face Wealth Erosion
Musk is not the only tech billionaire facing massive wealth erosion this year. Several other high-profile tech leaders have also seen significant declines in their fortunes since January 2025:
| Name | Total Net Worth | Last Change | YTD Change | Nation | Sector |
|---|---|---|---|---|---|
| Elon Musk (Tesla) | $301 billion | -$29 billion | -$132 billion | US | Technology |
| Larry Ellison (Oracle) | $169 billion | -$7.26 billion | -$23.2 billion | US | Technology |
| Jeff Bezos (Amazon) | $216 billion | -$4.21 billion | -$22.5 billion | US | Technology |
| Jensen Huang (NVIDIA) | $94 billion | -$4.91 billion | -$20.3 billion | US | Technology |
| Michael Dell (Dell) | $104 billion | -$2.61 billion | -$20.1 billion | US | Technology |
Political Scrutiny and Market Pressures
Market analysts suggest that Musk’s growing political involvement could be contributing to investor unease. His position in Trump’s cabinet has raised concerns about potential conflicts of interest and the impact of government policies on Tesla and other Musk-led ventures.
Tesla’s weak performance is also attributed to slowing electric vehicle (EV) demand, rising competition from Chinese manufacturers, and supply chain disruptions. Investors are closely watching how Musk manages his corporate and political responsibilities in the coming months.
