{"id":832159,"date":"2025-03-07T08:12:10","date_gmt":"2025-03-07T14:12:10","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/07\/elon-musks-net-worth-is-down-122-billion-from-december-peak\/"},"modified":"2025-03-07T08:12:10","modified_gmt":"2025-03-07T14:12:10","slug":"elon-musks-net-worth-is-down-122-billion-from-december-peak","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/07\/elon-musks-net-worth-is-down-122-billion-from-december-peak\/","title":{"rendered":"Elon Musk’s Net Worth Is Down $122 Billion From December Peak"},"content":{"rendered":"
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Topline<\/h2>\n

The world\u2019s richest man Elon Musk, who doubles as President Donald Trump\u2019s chief of cost-cutting, took a sizable hit to his net worth as the stock market shudders at Trump\u2019s tariffs, causing shares of Musk\u2019s multinational car company Tesla to flounder.<\/p>\n

<\/p>\n

Elon Musk at the Oval Office last month.<\/p>\n

<\/fbs-accordion>The Washington Post via Getty Images<\/small><\/figcaption><\/figure>\n

Key Facts<\/h2>\n
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Musk\u2019s net worth fell by $8.8 billion Thursday to $342.8 billion, according to Forbes\u2019 real-time estimates<\/a>.<\/p>\n<\/p><\/div>\n

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Musk\u2019s fortune is now down $121.2 billion from its end-of-day record of $464 billion set Dec. 17, when Tesla stock closed at an all-time high $480 per share.<\/p>\n<\/p><\/div>\n

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Down 6% on the day, Tesla stock closed at just above $263, some 45% below its end-of-day record set late last year.<\/p>\n<\/p><\/div>\n

Tesla ended Thursday trading at its lowest share price since Election Day.<\/p>\n

The Tesla slump came as the S&P 500 fell 1.8% to a 2025 low<\/a> as Trump\u2019s tariffs on Canada, China and Mexico ate into investor sentiment.<\/p>\n

Musk remains by far the richest person on Earth, leading No. 2 Mark Zuckerberg, the CEO of Meta, by more than $120 billion.<\/p>\n<\/div>\n

Surprising Fact<\/h2>\n

To put the $121 billion Musk lost in perspective, the 10th-wealthiest person on the planet, former Microsoft CEO Steve Ballmer, has an estimated net worth of $118.9 billion in total. Asia\u2019s wealthiest person, India\u2019s Mukesh Ambani, has an $89.8 billion fortune.<\/p>\n

Big Number<\/h2>\n

4.8%. That\u2019s how much Tesla shares were up from Election Day to Thursday, a fraction of the 91% rally they enjoyed through Dec. 17. Tesla\u2019s initial post-election surge came as Wall Street bet Musk\u2019s near $300 million<\/a> donation toward Trump and GOP election efforts would translate into a big win for Tesla, which would especially benefit from lighter regulation for its self-driving initiatives. Musk is still $78 billion wealthier than he was on Election Day, benefiting<\/a> in part from higher valuations for his private companies SpaceX and xAI.<\/p>\n

Key Background<\/h2>\n

Tesla is particularly sensitive<\/a> to tariffs as China<\/a> is the second-largest market for its electric vehicles and the company, like other American automakers, relies on imports from Canada to produce its cars. Tariffs \u201cwill have an impact on our business and profitability\u201d considering Tesla is \u201cstill very reliant on parts from across the world for all our businesses,\u201d Tesla\u2019s chief financial officer Vaibhav Taneja warned<\/a> in January. Musk is arguably the most important member of Trump\u2019s administration as the head of the Department of Government Efficiency (DOGE).<\/p>\n

Crucial Quote<\/h2>\n

\u201cMusk’s involvement with DOGE and the Trump administration broadly may affect some buyers in the US and Europe, which complicates the setup from a demand perspective,\u201d Baird analyst Ben Kallo wrote in a Thursday note to clients.<\/p>\n

Further Reading<\/h2>\n

Forbes<\/span>S&P 500 And Nasdaq Hit 2025 Lows As Trump\u2019s Tariffs Take Effect\u2014Tesla Stock Leads Losers<\/span>By Derek Saul<\/span><\/small><\/span><\/span><\/span><\/a><\/p>\n

Forbes<\/span>Elon Musk Is The Biggest Loser From Trump\u2019s Tariffs So Far<\/span>By Derek Saul<\/span><\/small><\/span><\/span><\/span><\/a><\/p>\n<\/div>\n

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Follow me on\u00a0<\/span>Twitter<\/a>\u00a0or\u00a0LinkedIn<\/a>.\u00a0Send me a secure\u00a0tip<\/a><\/span>.\u00a0<\/p>\n<\/div>\n

Read More<\/a>
\n Derek Saul<\/p>\n","protected":false},"excerpt":{"rendered":"

Topline The world\u2019s richest man Elon Musk, who doubles as President Donald Trump\u2019s chief of cost-cutting, took a sizable hit to his net worth as the stock market shudders at Trump\u2019s tariffs, causing shares of Musk\u2019s multinational car company Tesla to flounder. Elon Musk at the Oval Office last month. The Washington Post via Getty<\/p>\n","protected":false},"author":1,"featured_media":832160,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[146,3570],"tags":[],"class_list":{"0":"post-832159","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-musks","8":"category-worth"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/832159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=832159"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/832159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/832160"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=832159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=832159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=832159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}