The recent stock market downturn has taken a significant toll on the net worth of Elon Musk, the world's richest man and President Donald Trump's chief cost-cutting adviser, as Tesla shares continue to struggle.
According to Forbes' real-time estimates, Musk's fortune fell by £5.55 billion ($7.1 billion) on Tuesday, reducing his net worth to £271.65 billion ($347.7 billion). Since reaching a peak of £362.52 billion ($464 billion) on 17th December—when Tesla stock hit £375.02 ($480)—his wealth has plummeted by £90.86 billion ($116.3 billion).
