Elon Musk’s net worth shrunk $132 billion as of March 11, 2025, the latest data by the Bloomberg Billionaires Index showed. The drop in net worth of tech mogul and senior official in Trump cabinet is largely due to worst performance by Tesla stocks since September 2020. Musk, who owns SpaceX and social media platform X, lost $29 billion on Monday itself. This is a sharp contrast to the December 2024 scenario when Musk’s fortune rose to staggering $486 billion. As per the current figures, Musk’s net worth stood $301 billion. Musk is a senior member of the Trump cabinet and has served in the US House of Representatives since 2009. He is also the chairman of the board of directors of Tesla, which he co-founded in 2010. He also owns a stake in the social media company X, which was founded by his brother, Eric Musk, in 2012. Musk also owns the South African football club Barcelona FC and is a director of the Formula One team, Barcelona FC.