Elon Musk, currently the world’s richest individual, saw his net worth drop by over $100 billion in 2025, according to the Bloomberg Billionaires Index.

The sharp decline is primarily attributed to Tesla’s faltering stock performance, growing investor concerns over rising competition in the electric vehicle (EV) industry, and the ripple effects of Musk’s political involvement on his various business endeavors.

Musk’s net worth and Tesla’s stock price skyrocketed following President Donald Trump’s election victory in November. The EV giant’s stock hit a record high of $479.86 per share on December 17 as investors bet on the positive impact Musk’s perceived influence on Trump might have on the industry.