Elon Musk's net worth has dropped $102,000,000,000 in 2 months as experts explain why

Elon Musk’s net worth has crashed by a reported $120 billion over the last two months, causing a financial expert to weigh in on the plunge.

52-year-old Musk currently has his fingers in a slew of pies, ranging from space travel and electric cars to the US government, social media and beyond.

Due to the amalgamation of his many lucrative business ventures, the recently-appointed Senior Advisor to the President of the United States is considered the wealthiest person in the world, with a net worth of $330 billion, according to the Bloomberg Billionaires Index.

That puts him miles ahead of Meta founder Mark Zuckerberg ($221B), Amazon founder Jeff Bezos ($220B) and the likes of LVHM founder Bernard Arnault ($184B) and Oracle Corporation founder Larry Ellison ($176B).

Elon Musk's net worth has taken a tumble in the last 10 weeks (Andrew Harnik/Getty Images)

However, Musk’s net worth has actually taken a mighty tumble, having shrunk by around 24 percent in the last ten weeks, according to Business Insider.

It’s understood that his bank balance has been mostly diminished due to Tesla’s share price dropping around 35 percent this year from about $404 to $263, reports Entrepreneur.

The dramatic fall from grace could also be attributed to Tesla’s company market value dropping by more than $400 billion.

A third theory contributing to his reduced net worth is the fact US sales of Tesla vehicles have also dropped by a whopping 16 percent from December 2024 to January 2025, says Cox Automotive.

It’s claimed that investors have discarded Tesla stock for a variety of reasons, including concerns regarding Musk’s closeness with US President Donald Trump.

In July 2024, Musk declared his support for the 78-year-old, subsequently spending more than $250 million campaigning for his re-election in Washington DC.

Much of the cash was spent on direct mail, canvassing, and phone calls, according to ABC News, with the businessman also using X - which he acquired in October 2022 for $44 billion - to sway supporters to vote Republican.

Following Trump’s inauguration on January 20, Musk was named as the head of the Department of Government Efficiency (DOGE).

With DOGE, he has been tasked to cut federal spending by $1 trillion and get a handle on US federal government debt ($36.56 trillion).

Experts believe that the tech titan’s proximity to the White House has negatively impacted his work with Tesla.

US sales of Tesla vehicles have also dropped by 16 percent (Chris Jung/NurPhoto via Getty Images)

This has caused some experts to raise concerns about how Musk’s government responsibilities might affect his performance as CEO moving forward.

"While the DOGE/Trump Musk iron-clad partnership has created major brand worries for Tesla … we estimate less than five percent of Tesla sales globally are at risk from these issues," Wedbush analyst Dan Ives said, as per Barrons.

“We expect Musk will better balance his time between DOGE and Tesla/SpaceX over the course of 2025.”

Musk became Tesla’s CEO in October 2008, succeeding Ze’ev Drori, who became vice-chairman before exiting the company two months later.

Under the mogul, the company has launched a handful of well-selling electric vehicles, including the Cybertruck, which first began production in November 2023.

In the US, a top-spec Cybertruck will set you back by anything from $74,000 to $94,000, according to Car Wow.