The only person whose net worth has dropped anywhere near as much as Elon Musk's is Bill Gates—and he's giving it away

(Credit: L: Tom Brenner For The Washington Post via Getty Images. R: Gilbert Flores/Variety via Getty Images)

• Elon Musk’s net worth has dropped by $75 billion in 2025, down to $357 billion, amid Tesla’s declining sales, political fallout with President Trump, and widespread vandalism targeting the brand. While other billionaires like Larry Ellison and Mark Zuckerberg saw major gains from the AI rally, Musk’s fortune suffered because of an 18% fall in Tesla stock and questions over its fundamentals. The only other billionaire to suffer a comparable reduction was Bill Gates, but the Microsoft cofounder’s wealth dropped due to philanthropy.

It’s been an up-and-down year for Elon Musk. In January he (and his Tesla shares) were flying high on account of his warm relationship with the most powerful man on earth, the president of the United States.