Tesla CEO Elon Musk’s net worth fell below $300 billion on April 7. As per the Bloomberg Billionaires Index , the tech billionaire’s wealth stood at $298 billion at the end of Monday’s market session. Since the start of 2025, his net worth has declined by nearly $135 billion, or 31%. This comes just months after it crossed $400 billion in December 2024. Notably, his wealth hasn’t dropped below $300 billion since November last year.
The fall is mainly linked to the drop in Tesla’s stock price, which has fallen nearly 40% so far this year. The decline accelerated after President Trump announced a new set of “discounted” reciprocal tariffs on April 2. These include a 10% tariff on all imported goods and a 25% duty on foreign cars. Following the announcement, Tesla shares dropped 10% last week, reducing Musk’s net worth by $11 billion.
Since the tariff announcement, Musk has lost about 10.5% of his net worth. Over the last five days, Tesla stock is down 11.5%.
Billionaires lose big as Trump tariffs shake markets
Having said that, Musk is not the only victim of Trump’s tariffs. According to data from Forbes, Facebook-parent Meta’s CEO Mark Zuckerberg suffered the biggest loss, with his wealth dropping by $17.9 billion on Thursday, April 3. Amazon founder Jeff Bezos followed with a $16 billion decline, while Tesla CEO Elon Musk saw his net worth fall by $8.7 billion.
Similarly, Nvidia CEO Jensen Huang ’s net worth dropped by $7.4 billion, while Microsoft founder Bill Gates saw a one-day loss of $774 million.
Alphabet co-founders Larry Page and Sergey Brin lost $4.9 billion and $4.6 billion, respectively. Alphabet CEO Sundar Pichai also faced a decline, with his wealth falling by $18 million. Apple CEO Tim Cook saw his net worth decrease by $68 million during the market selloff.
Elon Musk publicly criticizes tariffs
Musk, who is also a close confidante of President Trump recently took a dig at trade advisor Peter Navarro, saying that having a PhD in economics from Harvard is a "bad thing." When a user replied with a quote by Thomas Sowell that reads “In every disaster throughout American history, there always seems to be a man from Harvard in the middle of it”, Musk agreed with the user, saying “Yup”.
The fall is mainly linked to the drop in Tesla’s stock price, which has fallen nearly 40% so far this year. The decline accelerated after President Trump announced a new set of “discounted” reciprocal tariffs on April 2. These include a 10% tariff on all imported goods and a 25% duty on foreign cars. Following the announcement, Tesla shares dropped 10% last week, reducing Musk’s net worth by $11 billion.
Since the tariff announcement, Musk has lost about 10.5% of his net worth. Over the last five days, Tesla stock is down 11.5%.
Billionaires lose big as Trump tariffs shake markets
Having said that, Musk is not the only victim of Trump’s tariffs. According to data from Forbes, Facebook-parent Meta’s CEO Mark Zuckerberg suffered the biggest loss, with his wealth dropping by $17.9 billion on Thursday, April 3. Amazon founder Jeff Bezos followed with a $16 billion decline, while Tesla CEO Elon Musk saw his net worth fall by $8.7 billion.
Similarly, Nvidia CEO Jensen Huang ’s net worth dropped by $7.4 billion, while Microsoft founder Bill Gates saw a one-day loss of $774 million.
Alphabet co-founders Larry Page and Sergey Brin lost $4.9 billion and $4.6 billion, respectively. Alphabet CEO Sundar Pichai also faced a decline, with his wealth falling by $18 million. Apple CEO Tim Cook saw his net worth decrease by $68 million during the market selloff.
Elon Musk publicly criticizes tariffs
Musk, who is also a close confidante of President Trump recently took a dig at trade advisor Peter Navarro, saying that having a PhD in economics from Harvard is a "bad thing." When a user replied with a quote by Thomas Sowell that reads “In every disaster throughout American history, there always seems to be a man from Harvard in the middle of it”, Musk agreed with the user, saying “Yup”.
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