Tesla stock drops today: Here’s how Elon Musk just lost $10 billion from his net worth
Tesla stock drop impacts Elon Musk net worth: Tesla CEO Elon Musk’s net worth took a hit this week as Tesla’s stock extended its two-day slide, as per a report. Shares of the electric carmaker fell more than 3.6% on Friday, following a 3.5% drop on Thursday ahead of Tesla’s shareholder vote, as per a Forbes report.
Tesla Stock Slide Hits Elon Musk’s Net Worth 2025
Despite the decline, Musk remains the world’s wealthiest person with an estimated net worth of $481.4 billion, even after losing $10 billion, or 2%, due to Tesla’s stock fall, as per the report.
Earlier this year, Musk became the first individual ever to reach both the $400 billion and $500 billion milestones, as Tesla’s strong performance pushed his wealth to record highs, as per the Forbes report.
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Musk Still the World’s Richest Person Despite $10 Billion Loss
Musk’s fortune still stands well ahead of his closest rival, Larry Ellison, who ranks second at $289.7 billion, as per the report. Ellison’s net worth briefly came close to Musk’s earlier this year after Oracle’s sharp rise in September, but both billionaires saw their fortunes slip this week, as per the Forbes report.
Net Worth Of Larry Ellison, Jeff Bezos, Larry Page, Sergey Brin & Mark Zuckerberg Also Dropped
Ellison’s wealth fell by $9.1 billion, while other members of the world’s richest list also recorded declines, Jeff Bezos was down $2 billion, Larry Page lost $5.6 billion, Sergey Brin dropped $5.2 billion, and Mark Zuckerberg fell $2.6 billion, as reported by Forbes.ALSO READ: Lessons for US: Ray Dalio’s 5 key insights on what happens when a country’s debt rises during an economic downturn
Tesla Shareholder Vote Approves Musk’s $1 Trillion Pay Deal
The dip in Tesla shares followed a shareholder vote in which more than 75% of investors approved Musk’s $1 trillion compensation package, as per the report. The deal could grant him over 423 million additional shares if Tesla meets a series of ambitious goals over the next decade, as per the Forbes report.
FAQs
Why did Elon Musk’s net worth drop this week?
Because Tesla’s stock fell over two consecutive days, cutting his wealth by about $10 billion, as per the Forbes report.
Is Elon Musk still the richest person in the world?
Yes. Even after the drop, his net worth remains around $481.4 billion, as per the Forbes report.