Elon Musk, the world’s richest person, has suffered the biggest wealth erosion of 2025 so far. Musk’s net worth shrunk $132 billion as of March 11, 2025, the latest data by the Bloomberg Billionaires Index showed. As per the current figures, Musk’s net worth stood $301 billion.
The drop in net worth of tech mogul and senior official in Trump cabinet is largely due to worst performance by Tesla stocks since September 2020. Musk, who owns SpaceX and social media platform X, lost $29 billion on Monday itself. This is a sharp contrast to the December 2024 scenario when Musk’s fortune rose to staggering $486 billion.
Musk is not the only tech billionaire who has suffered such a steep loss in personal wealth. The Bloomberg Billionaire Index shows that bosses of companies such as Amazon and Oracle were among those who have seen their net worth shrinking. Here’s a look at top five tech bros who lost billions since January this year.
| Name | Total Net Worth | Last Change | YTD Change | Nation | Sector |
| Elon Musk (Tesla) | $301 billion | -$29 billion | -$132 billion | US | Technology |
| Larry Ellison (Oracle) | $169 billion | -$7.26 billion | -$23.2 billion | US | Technology |
| Jeff Bezos (Amazon) | $216 billion | -$4.21 billion | -$22.5 billion | US | Technology |
| Jensen Huang (NVIDIA) | $94 billion | -$4.91 billion | -$20.3 billion | US | Technology |
| Michael Dell (Dell) | $104 billion | -$2.61 billion | -$20.1 billion | US | Technology |
Market watchers are questioning Musk’s market dominance amid growing scrutiny over his political association. Musk has also admitted that juggling roles of tech entrepreneur and DOGE leadership in Donald Trump’s administration is a ‘difficult job.’ In an interview to Fox Business, Musk said that tackling government job is ‘distracting’ him from his corporate duties.
So, where is the richest person on the planet making his fortunes from? The senior advisor to the US President, who founded his first company in 1997, makes money from passive investments as well.
| S No. | Company name | Elon Musk's role |
| 1 | PayPal | Co-founded payment site in 2000 |
| 2 | SpaceX | Founded aerospace company in 2002 |
| 3 | Tesla | Started investing in automotive company from 2004, serves as CEO at present |
| 4 | Neuralink | Founded this neurotechnology company in 2016 |
| 5 | The Boring Company | Founded the company in 2016 to focus on underground tunnel construction |
| 6 | X | Acquired the social media giant in 2022 and rechristened it as X |
| 7 | xAI | Founded this artificial intelligence company in 2023 |
While the South Africa-born maverick billionaire may have shrugged off the recent drop in Tesla stocks, the sweeping cuts in federal workforce has triggered ‘Tesla takedown’ protests. From protests in America to plunging sales in Europe, Musk has been facing litany of bad news. However, he laughed it off and quoted Monty Python in an interview recently. During the Fox Business interview, he quoted the British comedy troupe and said, “look on the bright side! Always look on the bright side of life!"
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