Following DeepSeek’s achievements, SpaceX Chief Executive Elon Musk’s net worth declined by approximately $90 billion.
Elon Musk, the tech magnate and currently the richest person globally, has seen his net worth decline by approximately $90 billion after achieving a peak of $486 billion. Since becoming the world’s wealthiest person in January 2021, Musk has retained this position.
According to the
Bloomberg Billionaires Index
, the
Tesla
CEO presently has a fortune of $351 billion (approximately ₹30.70 lakh crore). Nevertheless, the entrepreneur has experienced a reduction of $81 billion (exceeding ₹7 lakh crore) in the first two months of 2025, according to an ET report.
As of March 2, 2025, Musk’s primary wealth source stems from his SpaceX holdings. Through a trust arrangement, he controls roughly 42% of this private enterprise.
Following a December 2024 tender offer, SpaceX received a valuation of nearly $350 billion, making Musk’s portion worth $136 billion. His 13% ownership in Tesla, the automotive industry’s highest-valued company, represents his second-largest asset. As of February 28, 2025, Tesla’s market value stood at $942.37 billion, contributing approximately $120 billion to Musk’s wealth.
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Musk maintains a 79% ownership in X Corp, which controls the social platform X (previously Twitter). The platform’s value has decreased by about 69% since his $44 billion acquisition in 2022, based on Fidelity Blue Chip Growth Fund’s assessment. His X Corp stake currently amounts to $8.06 billion. He also holds interests in xAI, The Boring Company, and Neuralink, valued at $22.6 billion, $3.33 billion, and $2.07 billion, respectively.
Although Musk oversees numerous enterprises, he receives no compensation for his role at the U.S. Department of Government Spending (DOGE). Bloomberg reports his outstanding liabilities at $23.2 billion.
Despite the significant wealth reduction in 2025, Musk’s varied investment portfolio enables him to maintain his position as the globe’s wealthiest individual. Meta’s Mark Zuckerberg occupies the second position with $236 billion, whilst Amazon’s Jeff Bezos follows at $232 billion.
Elon Musk Loses Billions!
According to the ET report, following DeepSeek’s achievements, SpaceX Chief Executive Elon Musk’s net worth declined by approximately $90 billion. His total wealth decreased from $433 billion in early February to $349 billion at February’s conclusion.
Tesla shareholders have expressed worry over the company’s declining shares. The automotive manufacturer’s shares have declined 13.4% since 2025 began, falling 27% from its December peak when Musk’s wealth stood at $486.4 billion, as reported by the Bloomberg Billionaires Index.
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Tesla shares and options constitute approximately 60% of Musk’s wealth. The company’s shares continue to decline, indicating potential difficulties ahead. Tesla experienced its poorest weekly performance since October, with an 11% decrease due to underwhelming global sales figures and fourth-quarter revenue below market expectations.
“When a company’s valuation has defied traditional measures for so long, finding a floor depends more on investor mood than typical value metrics,” Steve Sosnick, chief strategist at Interactive Brokers, told Bloomberg regarding Tesla’s share price bottom.
Tesla, America’s leading electric vehicle manufacturer under Musk’s ownership, faces declining overall sales due to reduced US consumer demand. The Guardian reports this significantly affects Musk’s wealth reduction.
Despite initial post-election share price increases driven by Musk’s connection to President Trump, Tesla’s momentum decreased in January following disappointing fourth-quarter deliveries, marking its first yearly sales decline in over a decade. Tesla’s market value fell below $1 trillion this week, ranking behind Berkshire Hathaway and Broadcom.
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Investors express concern over Musk’s political involvement, preferring his focus on managing the electric vehicle company. Critics suggest his leadership of the “squad team” in the new administration negatively impacts his business interests.
Despite Tesla’s decline, Musk’s other ventures contribute to his wealth. SpaceX achieved a $350 billion valuation, becoming the most valuable startup globally. His AI venture secured $6 billion in funding at a $50 billion valuation. Trump’s alliance elevated Musk’s ventures. He leads Tesla, SpaceX, owns X, and heads Neuralink, xAI and the Boring Company. As head of the Department of Government Efficiency (DOGE), he implemented significant workforce reductions across federal agencies, resulting in thousands of redundancies.
