Elon Musk Stays As The world’s Richest Even After A huge KSh 16.9 Trillion loss!

A Major Drop in Wealth

Elon Musk, the billionaire entrepreneur behind Tesla, SpaceX, and X Corp, has seen a staggering decrease in his net worth in 2025. Between January 1 and March 7, Musk’s fortune plummeted by $132 billion (approximately KSh 16.9 trillion), according to the Bloomberg Billionaires Index. This dramatic loss has raised eyebrows across the financial world, but Elon Musk continues to hold the title of the world’s richest person, despite the setback.

Tesla’s Struggles Impact Musk’s Wealth

The bulk of ElonMusk’s wealth is tied to his stake in Tesla, which has faced a challenging year. Tesla’s stock has fallen by 13.4% since the start of 2025 and a staggering 27% from its peak in December 2024. Experts attribute the slump to weak global sales and a slowdown in the electric vehicle (EV) market. As Tesla continues to navigate these hurdles, Musk’s personal fortune has taken a significant hit, given the company’s major role in his financial standing.

SpaceX and Other Ventures Still Strong

Despite the significant loss in Tesla’s stock value, Musk’s other ventures, particularly SpaceX, remain strong. As of December 2024, SpaceX was valued at nearly $350 billion (about KSh 44.98 trillion). While Musk’s holdings in Tesla have taken a hit, the continued success and valuation of SpaceX, as well as his control over X Corp, help to cushion the blow.

Looking Ahead

Musk’s ability to retain his position as the world’s richest person, despite losing a significant chunk of his fortune, demonstrates the resilience of his broader business empire. As the EV market stabilizes and SpaceX continues to soar, Musk’s wealth may rebound in the future, making this recent drop just a temporary setback in his financial journey.