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Economic Times
2 days ago
- Business
- Economic Times
Elon Musk loses $80 billion — one more Tesla crash could end his world's richest title
Elon Musk net worth 2025: Elon Musk's wealth has significantly decreased in 2025, primarily due to Tesla's struggles with revenue decline and stock performance. Despite a $29 billion compensation package approved by shareholders, Musk's position as the world's richest person is threatened as rivals like Larry Ellison and Mark Zuckerberg experience substantial wealth gains. Tired of too many ads? Remove Ads Elon Musk's Wealth Takes a Hit in 2025 Tesla Faces Revenue Decline and Stock Drop Tired of too many ads? Remove Ads Elon Musk's $29 Billion Pay Package Shows Shareholder Confidence Rivals Closing In on the Billionaire Crown Musk's Past Successes at Tesla Musk's Other Ventures: SpaceX, Neuralink, Boring Company, and XAI Musk's Public Perception and Political Challenges Other Billionaires' Wealth Trends in 2025 Who Can Be the Next World's Richest Person? Tired of too many ads? Remove Ads FAQs Elon Musk, the richest man in the world , has watched his wealth plummet this year, shedding approximatelyand reducing his, based on the Bloomberg Billionaires Index.A large portion of the drop is attributed to his 13% holding in, as the EV maker has had difficulty keeping up with Wall Street projections for quarterly earnings, as per the after taking a step back from his controversial stint at the Trump administration's Department of Government Efficiency (DOGE), where he said he cut out billions in waste, Musk's reversion to single-minded concentration on Tesla hasn't seen the monetary success as before, as per a Fortune READ: Wealth created inside Nvidia reach stunning levels - nearly 80% of employees are millionaires The electric-vehicle maker posted a double-digit revenue drop in the second quarter of 2025, and Tesla stock has fallen nearly 20% this year, according to the his controversies, Tesla shareholders have supported Musk, recently awarding him a $29 billion compensation package intended to keep him at the helm of Tesla, as reported by READ: Uber just announced a $20 billion buyback after blowing past earnings — investors rejoice However, with rivals such as Larry Ellison, Mark Zuckerberg, and Jensen Huang gaining ground on his wealth, Musk's top spot atop the billionaire list might no longer be secure, according to comes after Tesla's 2024 standout performance, as the stock almost doubled, taking the company's market cap over $1.4 trillion and increasing Musk's wealth, cementing him at the time at the top of the billionaires list, as per the wealth is also linked with stakes in SpaceX, Neuralink, the Boring Company, and XAI Holdings, which is the union of social media site X and AI startup xAI, as reported by from Tesla, Musk's other enterprises are also facing money troubles. According to Fortune, xAI is reportedly burning through $1 billion a month, and the Boring Company's valuation has fallen to $6.4 billion from $8.6 billion in July Musk did not receive a salary during his DOGE stint, his firms have received $38 billion in government subsidies, loans, and contracts, as reported by also has a long fight ahead of him in popular opinion, as a Quinnipiac Poll released in June found that only 30% of voters have a favourable view of the billionaire, reported Fortune. Even his support among Republicans has dropped after a public feud with US president Donald Trump over the federal budget, according to the Musk is not the only one to lose wealth in 2025 so far, even Jeff Bezos lost about $1.7 billion this year due to Amazon's struggling stock performance, and Bill Gates has also let go of around $36 billion because of his ramped-up philanthropy efforts, as reported by Larry Ellison has gained $102 billion, Mark Zuckerberg's wealth rose $56 billion, and Jensen Huang's net worth increased by $37 billion, according to the just $60 billion separates Musk and Ellison as the number one and number two positions due to the newfound success of Ellison's tech giant, Oracle , as per of it comes from Tesla's stock decline and revenue but his position is threatened by Larry Ellison and other tech billionaires.
Time of India
2 days ago
- Business
- Time of India
Elon Musk loses $80 billion — one more Tesla crash could end his world's richest title
Elon Musk net worth 2025: Elon Musk's wealth has significantly decreased in 2025, primarily due to Tesla's struggles with revenue decline and stock performance. Despite a $29 billion compensation package approved by shareholders, Musk's position as the world's richest person is threatened as rivals like Larry Ellison and Mark Zuckerberg experience substantial wealth gains. Tired of too many ads? Remove Ads Elon Musk's Wealth Takes a Hit in 2025 Tesla Faces Revenue Decline and Stock Drop Tired of too many ads? Remove Ads Elon Musk's $29 Billion Pay Package Shows Shareholder Confidence Rivals Closing In on the Billionaire Crown Musk's Past Successes at Tesla Musk's Other Ventures: SpaceX, Neuralink, Boring Company, and XAI Musk's Public Perception and Political Challenges Other Billionaires' Wealth Trends in 2025 Who Can Be the Next World's Richest Person? Tired of too many ads? Remove Ads FAQs Elon Musk, the richest man in the world , has watched his wealth plummet this year, shedding approximatelyand reducing his, based on the Bloomberg Billionaires Index.A large portion of the drop is attributed to his 13% holding in, as the EV maker has had difficulty keeping up with Wall Street projections for quarterly earnings, as per the after taking a step back from his controversial stint at the Trump administration's Department of Government Efficiency (DOGE), where he said he cut out billions in waste, Musk's reversion to single-minded concentration on Tesla hasn't seen the monetary success as before, as per a Fortune READ: Wealth created inside Nvidia reach stunning levels - nearly 80% of employees are millionaires The electric-vehicle maker posted a double-digit revenue drop in the second quarter of 2025, and Tesla stock has fallen nearly 20% this year, according to the his controversies, Tesla shareholders have supported Musk, recently awarding him a $29 billion compensation package intended to keep him at the helm of Tesla, as reported by READ: Uber just announced a $20 billion buyback after blowing past earnings — investors rejoice However, with rivals such as Larry Ellison, Mark Zuckerberg, and Jensen Huang gaining ground on his wealth, Musk's top spot atop the billionaire list might no longer be secure, according to comes after Tesla's 2024 standout performance, as the stock almost doubled, taking the company's market cap over $1.4 trillion and increasing Musk's wealth, cementing him at the time at the top of the billionaires list, as per the wealth is also linked with stakes in SpaceX, Neuralink, the Boring Company, and XAI Holdings, which is the union of social media site X and AI startup xAI, as reported by from Tesla, Musk's other enterprises are also facing money troubles. According to Fortune, xAI is reportedly burning through $1 billion a month, and the Boring Company's valuation has fallen to $6.4 billion from $8.6 billion in July Musk did not receive a salary during his DOGE stint, his firms have received $38 billion in government subsidies, loans, and contracts, as reported by also has a long fight ahead of him in popular opinion, as a Quinnipiac Poll released in June found that only 30% of voters have a favourable view of the billionaire, reported Fortune. Even his support among Republicans has dropped after a public feud with US president Donald Trump over the federal budget, according to the Musk is not the only one to lose wealth in 2025 so far, even Jeff Bezos lost about $1.7 billion this year due to Amazon's struggling stock performance, and Bill Gates has also let go of around $36 billion because of his ramped-up philanthropy efforts, as reported by Larry Ellison has gained $102 billion, Mark Zuckerberg's wealth rose $56 billion, and Jensen Huang's net worth increased by $37 billion, according to the just $60 billion separates Musk and Ellison as the number one and number two positions due to the newfound success of Ellison's tech giant, Oracle , as per of it comes from Tesla's stock decline and revenue but his position is threatened by Larry Ellison and other tech billionaires.
