#NETWORTHDROP

[insightdaily]

Elon Musk's net worth dropped below $300 billion

Elon Musk's net worth dropped below $300 billion on Monday for the first time since last year, following a wave of backlash against Tesla and the impact of new global tariffs.

According to the Bloomberg Billionaires Index, Musk was worth $298 billion at the close of markets Monday. Since the start of the year, his fortune has fallen by approximately $135 billion — a 31% decline.

This marks a dramatic shift for Musk, who in December became the first person to surpass a $400 billion net worth. Before this latest dip, his valuation hadn’t dropped below $300 billion since November, when it hit $264 billion on November 6.

The downturn in Musk’s wealth mirrors the sharp decline in Tesla’s stock price, which has fallen nearly 40% this year.