As of February 12, 2025, Elon Musk's net worth is estimated to be approximately $395 billion, marking a decline from his previous peak of over $486 billion in December 2024.
Tesla's Stock Performance: Tesla's stock has experienced a downturn, with a 3% drop on Monday and an additional 4% decrease on Tuesday morning. Given that Tesla constitutes about one-third of Musk's wealth, these declines have significantly impacted his net worth.
Market Volatility: The broader market's fluctuations have also contributed to the reduction in Musk's wealth. For instance, shares of Tesla slid 6% on February 11, 2025, following the unveiling of a new AI feature by Chinese rival BYD.
Current Financial Standing:
Tesla: Musk's stake in Tesla remains a substantial portion of his wealth. Despite recent stock declines, Tesla continues to be a significant contributor to his financial portfolio.
SpaceX: Musk's 42% stake in SpaceX is valued at nearly $350 billion, further bolstering his net worth.
Recent Developments:
Political Influence: Musk has increased his political involvement, notably leading the Department of Government Efficiency under President Donald Trump. This role has raised concerns among some political figures regarding Musk's influence on government operations.
OpenAI Dispute: Musk has made a $97.4 billion bid to acquire OpenAI, aiming to realign the organization with its original mission of ensuring artificial general intelligence (AGI) benefits humanity. OpenAI CEO Sam Altman has rejected the offer, stating that the organization is not for sale. This development highlights the ongoing tension between Musk and Altman, who co-founded OpenAI in 2015.
Department of Government Efficiency (DOGE): Musk, appointed to lead DOGE, is spearheading efforts to streamline the federal government. He recently appeared with President Donald Trump in the Oval Office to defend these initiatives, emphasizing the need to reduce the federal workforce and eliminate bureaucratic inefficiencies. Critics have labeled DOGE as a "billionaire-led coup," raising concerns about transparency and the concentration of power.
