From Yahoo Finance: 2025-05-06 13:20:00

President Donald Trump’s tariff plans caused the stock market to drop by 11%, resulting in Elon Musk losing $135 billion in net worth. Despite this, Musk rebounded to $361.6 billion, still making him the richest person in the world, ahead of Jeff Bezos and Mark Zuckerberg.

Musk’s wealth is tied to his ownership in Tesla (12%) and SpaceX (42%), with personal loans using more than half of his Tesla shares as collateral. Despite Tesla’s 71% drop in sales, Musk plans to make more affordable, self-driving vehicles in China, and launch robotaxis in Austin by June.



Read more at Yahoo Finance: Is Elon Musk Still the Richest Person Alive In 2025?