Elon Musk’s net worth has fallen below $300 billion for the first time since November, largely due to market fluctuations tied to recent tariff announcements. Over the past week, Musk lost $31 billion, followed by an additional $4.4 billion loss on Monday, according to Bloomberg. These losses are attributed to Tesla’s share price decline following “Liberation Day.” Musk’s current net worth stands at $297.8 billion, marking a significant $135 billion drop year-to-date. The billionaire joined others in criticizing the tariffs, appealing privately to the U.S. President for their rollback and advocating for a “zero-tariff situation” with Europe. Publicly, Musk criticized Trump’s trade adviser, Peter Navarro. Initially benefiting from his alliance with Trump, Musk’s relationship has since affected Tesla’s brand, leading to a 13% sales drop last quarter. Musk remains the biggest loser on the Bloomberg Billionaires Index due to the tariff fallout.
— new from The Daily Beast
