Elon Musk’s reign as the world’s richest man at risk? Why his fortune is plummeting
The total wealth of the world's richest person Elon Musk has reached $ 301 billion. However, his net worth fell by a massive $ 29 billion on Monday. Since the beginning of this year, his wealth has fallen by $ 132 billion. According to the Bloomberg Billionaires Index, his total wealth was at a peak of $ 486 billion in December 2024, but on Monday itself his net worth fell by a massive $ 29 billion.
Elon Musk may lose crown of world richest man
The main reason for the decline in Musk's wealth is believed to be the fall in Tesla's shares, investor concerns and lack of sales in major markets. However, he is not the only one who is facing this financial crisis.
The wealth of many billionaires including Amazon chief Jeff Bezos, former Alphabet President Sergey Brin, Meta CEO Mark Zuckerberg and LVMH CEO Bernard Arnault has decreased.
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These billionaires have lost $209 billion since Donald Trump became US President. The decline in the market and instability in US government policies are considered to be the major reasons for this.
Decline in Elon Musk's wealth, sharp decline in Tesla sales
The wealth of Tesla CEO Elon Musk continues to decline. The major reason for this is believed to be his political views and his role as the head of the US Department of Government Efficiency (DOGE).
These decisions of Musk have had a direct impact on Tesla's sales. The company's order book in Germany has fallen by more than 70%. At the same time, Tesla's shipments from China have also fallen by a huge 49%, the lowest level since July 2022.
Sharp decline in Tesla sales
Apart from this, the slight increase seen in Tesla's shares after the election has also ended. Investor confidence is also weakening, due to which Musk's net worth continues to decline.
Jeff Bezos' wealth drops by $29 billion
Amazon Executive Chairman Jeff Bezos' wealth has fallen by $29 billion. This decline came when Amazon's shares fell by 14%, which affected Bezos' net worth. According to the report, Bezos donated $1 million for Donald Trump's inauguration ceremony, but due to changing government policies and market uncertainty, his wealth saw a huge decline.
Mark Zuckerberg suffers a setback of $5 billion
Meta shares initially rose in 2025, but later all the gains were wiped out. Due to this fluctuation, Mark Zuckerberg's wealth decreased by $5 billion. Bernard Arnault and Sergey Brin suffer huge losses, wealth reduced by billions of dollars
LVMH owner Bernard Arnault has also faced a situation similar to Mark Zuckerberg. Investors' growing concerns about US tariffs affected European luxury goods, reducing his wealth by $5 billion.
Sergey Brin, former president and co-founder of Google's parent company
Alphabet has also suffered a major setback. His wealth has declined by $22 billion due to antitrust cases and regulatory investigations by the US Justice Department. Apart from this, the company's shares also fell as its quarterly results were lower than expected.
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