Tesla (NASDAQ: TSLA) CEO Elon Musk has seen a significant decline in his fortune despite remaining the world’s richest person.
As of July 6, 2025, Musk’s net worth has dropped by $71.4 billion since the start of the year, an average daily loss of approximately $381.3 million.
Despite the sharp decline, he remains at the top of the Bloomberg Billionaires Index with a net worth of $361 billion, according to data retrieved by Finbold on July 6.
Meta (NASDAQ: META) CEO Mark Zuckerberg trails Musk closely, with a net worth of $254 billion after adding $1.87 billion in the latest trading session and gaining $46.3 billion year-to-date.
Oracle (NYSE: ORCL) founder Larry Ellison ranks third with $253 billion, boosted by a $6.52 billion daily gain and a $60.7 billion increase since January. Amazon (NASDAQ: AMZN) founder Jeff Bezos holds fourth place at $244 billion, up $3.26 billion on the day and $5.33 billion YTD.
Microsoft’s (NASDAQ: MSFT) Steve Ballmer rounds out the top five with $172 billion after daily gains of $2.47 billion and a YTD increase of $25.5 billion.
Musk, however, stands out from his peers, being the only member of the top five to post a year-to-date loss in wealth.
Why Musk’s wealth is plunging
A major factor behind this decline is Tesla’s stock, which has dropped more than 16% in 2025 and was trading at $315.35 at the time of reporting.
Tesla has been impacted by declining global demand, intensified competition from Chinese automakers such as BYD, and weak delivery figures. In Q2, deliveries dropped 13% year-over-year, reflecting deepening challenges in key markets.
The company also faces growing backlash through the “Tesla Takedown” campaign, which spread across North America and Europe. Driven by dissatisfaction with Musk’s political and corporate decisions, the movement triggered boycotts, lowered resale values, and hurt the brand’s image.
Musk’s ongoing political feud with President Donald Trump has added to the pressure. Trump recently criticized Tesla’s reliance on federal EV tax credits and suggested ending SpaceX contracts, triggering sharp stock volatility that reportedly erased nearly $12 billion from Musk’s net worth in a single session.
Broader economic challenges, including the technology sector correction, trade tensions, and regulatory uncertainty, have further exacerbated Tesla’s struggles and accelerated Musk’s financial decline.
Featured image via Shutterstock
