Tesla chief Elon Musk's net worth topped £376.31 million ($486 billion) in December 2024 as US President Donald Trump's reelection further boosted US markets. However, Musk's wealth has dropped by over £113.04 billion ($146 billion) to £263.57 billion ($340.4 billion) as of 1st April, marking the biggest wealth erosion in 2025. However, he remains the wealthiest person on the planet.
As of December 2024, Musk owned 410,794,076 Tesla shares, or nearly 12.7% of the company. So, whenever the stock price drops by £1.88 ($2.43), the price movement costs him £774.31 million ($1 billion). His Tesla stake was worth £152.53 billion ($197 billion) when shares peaked at £371.56 ($479.86) on 17th December. The stock price is off £170 ($220) since its late 2024 peak, closing at £200.67 ($259.16) apiece on 31st March. During several days this year, Musk's net worth tanked by £7.74 billion ($10 billion) in one trading session.
