Elon Musk's Net Worth Drops Below $400 Billion For The First Time This Year

Elon Musk's Net Worth Drops Below $400 Billion For The First Time This Year.

Elon Musk is no longer the $400 billion individual; his net worth has now decreased to $395 billion.

According to the Bloomberg Billionaires Index, Musk's wealth fell below the $400 billion mark for the first time this year on Monday. His net worth experienced a decline of over $7 billion yesterday, primarily due to a 3% drop in Tesla (TSLA) stock, which is estimated to represent approximately one-third of his total wealth. Furthermore, shares continued to decline by an additional 4% on Tuesday morning.

Musk achieved the milestone of being the first individual to reach a net worth of $400 billion in December, following a surge in Tesla's stock price after Donald Trump's re-election. As reported by the Bloomberg Billionaires Index, Musk contributed at least $277 million to support Trump's campaign and was later appointed to lead the president's initiatives aimed at reducing federal expenditures.

Trump has expressed intentions to eliminate government support for the green energy transition. On his first day in office, he enacted an executive order aimed at removing "unfair subsidies and other ill-conceived government-imposed market distortions that favor EVs." Nevertheless, following Trump's election, investors flocked to Tesla stock, anticipating that Musk's influence with the president would be advantageous for the electric vehicle manufacturer.

RELATED: OpenAI Rejects Elon Musk's $97 Billion Takeover Bid.

Shares have experienced an increase due to Musk's commitment to launch fully autonomous vehicles and a robotaxi service within this year. It is anticipated that Musk's association with Trump will facilitate Tesla in overcoming the regulatory challenges associated with the deployment of self-driving cars.

Musk's second most significant asset is his investment in the privately owned space exploration firm SpaceX. According to Bloomberg, Musk holds approximately 42% of the company, which has recently been valued at nearly $350 billion.

As of Tuesday morning, Forbes, which tracks billionaire wealth in real-time, reported Musk's net worth to be $384 billion.

Elon Musk’s declining fortune reflects more than just market shifts—it signals growing fatigue with his influence. Once hailed as a visionary, his close ties to Trump, controversial decisions, and constant media presence have worn thin on the public. Many are frustrated with his unchecked power, erratic behavior, and the monopolization of industries like EVs and space exploration.

While his supporters remain loyal, others see his wealth drop as a long-overdue reality check. With Tesla struggling and skepticism rising, it seems more people are questioning whether Musk’s dominance is truly beneficial—or if they’re simply tired of the Musk spectacle.