At the close of 2024, Tesla Inc (NASDAQ:TSLA) stock reached record highs, significantly boosting CEO Elon Musk's wealth. However, 2025 has presented a stark contrast, with a considerable decline in Tesla's stock value and a corresponding decrease in Musk's net worth.

In 2024, Musk's wealth peaked at an estimated $432 billion, making him the wealthiest person globally. He added $203 billion to his fortune and became the first individual to surpass the $400 billion mark. His assets even exceeded the combined value of every MLB, NBA, NFL, and NHL team.

However, by April 2025, Musk's net worth, according to Bloomberg, stood at $310 billion. This represents a $122 billion decrease since the beginning of the year. Despite this downturn, Musk remains significantly wealthier than other billionaires. Amazon founder Jeff Bezos, in second place, has a wealth of $202 billion, having lost $36.8 billion in 2025.

To illustrate Musk's substantial wealth, his $310 billion exceeds the combined net worth of Jeff Bezos ($202 billion), NVIDIA co-founder Jensen Huang ($90 billion), and entrepreneur Mark Cuban ($7.55 billion), totaling $299.55 billion. Even including Palantir CEO Alex Karp's $9.35 billion, Musk's wealth remains higher.

The decline in Musk's wealth is linked to the downturn in Tesla's stock performance in 2025. After reaching all-time highs in December, particularly following Donald Trump's 2024 presidential election victory, Tesla's stock faced challenges early in 2025. The stock price was impacted after Trump took office, and Musk's involvement in the White House with the Department of Government Efficiency led to boycotts and protests at dealerships. Tesla experienced a decrease in brand value, and sales in Europe and other regions declined. As a result, Tesla stock is down 32.6% year-to-date in 2025.

Musk's wealth is largely tied to his stake in Tesla, along with interests in X, SpaceX, xAI, and other ventures. In 2021, Musk set a Guinness World Record for the largest one-year drop in wealth, losing between $180 billion and $200 billion. While he is currently on pace to potentially break that record again, a recovery in Tesla's stock, driven by upcoming catalysts later in the year, could prevent him from surpassing this mark.