In the past year, Elon Musk’s net worth has plummeted by over $47 billion, largely attributed to a more than 17% decline in Tesla stock, pushing his total wealth down to $385 billion. Soft sales figures from key markets, including significant drops in Germany and France, alongside a major vehicle recall, have contributed to this downturn. However, Musk continues to forge ahead with ventures like xAI, aiming to raise $10 billion, and holds substantial stakes in SpaceX, which could ensure he remains the richest person globally despite Tesla's troubles.
Musk's net worth has fallen by over $47 billion due mainly to a drop in Tesla's stock, with its value now at $385 billion.
Tesla's stock declined over 17% this year, affecting Musk's wealth significantly, as January sales were down by 59% in Germany and 63% in France.
Despite Tesla's struggles, Musk's ventures like xAI are raising substantial funds, suggesting he could maintain his status as the world's richest person.
Musk offered $97.4 billion for OpenAI, which was rejected; he also owns significant stakes in Tesla, SpaceX, and xAI, indicating diversified wealth.
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