- Elon Musk’s net worth has dropped by $150 billion since leaving his working partnership with Donald Trump.
- His net worth peaked at $486 billion in December 2024 and now stands at around $335 billion, according to Bloomberg.
- The split was triggered by Musk’s exit from Trump’s administration and criticism of Trump’s major spending bill.
- Major companies contributing to Musk’s wealth include Tesla, SpaceX, xAI, X (formerly Twitter), Neuralink, and The Boring Company.
- The value of Dogecoin, a cryptocurrency backed by Musk, is down 75% from its December 2024 high.
Elon Musk’s personal fortune has fallen by $150 billion since his working relationship ended with Donald Trump, according to Bloomberg. The dip comes after Musk’s departure from his role in Trump’s administration earlier this week.
In December 2024, Musk’s net worth hit an all-time high of $486 billion. As of now, Bloomberg estimates his net worth at about $335 billion, following conservative valuation adjustments. Forbes reports a different figure, placing his wealth at $398 billion. The decline tracks closely with Musk’s split from Trump and public criticism of Trump’s $2.4 trillion One Big Beautiful Bill.
The break followed what Bloomberg described as dissatisfaction with the Department of Government Efficiency (DOGE), which Musk had claimed would save American taxpayers $2 trillion. Musk has since left the administration and publicly urged Congress to vote down Trump’s spending plans, calling them “massive, outrageous, and pork-filled Congressional spending.”
The value of Dogecoin—the crypto asset for which Musk has acted as a prominent advocate—has fallen by 75% compared to its record levels in December 2024. Musk also heightened tensions on social media by suggesting that Trump had inappropriate ties related to Jeffrey Epstein, according to his recent post.
Bloomberg outlines that Musk’s net worth is mainly composed of equity stakes in six companies: Tesla (12.7% stake, $123 billion), SpaceX (42%, $147 billion), xAI (33%, $37 billion), X (formerly Twitter, ~74%, $32 billion), The Boring Company (~90%, $6 billion), and Neuralink (~54%, $5 billion). These figures are adjusted downward to account for the illiquidity of private companies and potential price impacts from large sales, reducing the combined value from $350 billion to approximately $335 billion.
Other holdings—such as real estate, cash from stock sales, artwork, or additional private assets—could influence Musk’s exact net worth. Estimates therefore vary, with key sources like Bloomberg and Forbes providing significantly different numbers.
Musk’s financial losses since late 2024 are linked primarily to his abrupt exit from Trump’s administration and the ensuing public disputes.
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