World's richest person, Elon Musk, has lost $132B this year
What's the story
Elon Musk, the richest man on the planet, has seen his fortune plummet this year.
According to data from the Bloomberg Billionaires Index, as of today, Musk's net worth has fallen by $132 billion to $301 billion.
The drop is largely due to the dismal performance of Tesla stocks in 2025.
On yesterday alone, he lost an estimated $29 billion.
Wealth fluctuation
Musk's fortune peaked in December 2024
Musk's financial status has changed dramatically since December 2024 when his net worth stood at an incredible $486 billion. This massive decline is the biggest loss of wealth in 2025 so far.
According to the Bloomberg Billionaires Index, other tech billionaires have also suffered financial losses this year, with many witnessing a significant decline in their net worth.
Tech billionaires
Other tech billionaires also faced financial setbacks
Oracle's Larry Ellison had his net worth drop $23.2 billion, to $169 billion. Amazon's Jeff Bezos lost $22.5 billion, now at a net worth of $216 billion. NVIDIA's Jensen Huang and Dell's Michael Dell also saw fortunes drop by $20.3 billion and $20.1 billion, respectively.
Balancing act
Musk admits balancing roles is a 'difficult job'
Musk's market dominance has been called into question amid growing scrutiny over his political association.
He has admitted that balancing his role as a tech entrepreneur with leading DOGE in Donald Trump's administration is no easy task.
Speaking to Fox Business, he confessed that tackling the government job is distracting him from his corporate duties.
The admission highlights the struggles of juggling multiple high-profile roles at once.