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Elon Musk net worth: Elon Musk concluded his tenure as a Special Government Employee for President Trump's cost-cutting task force, citing the end of his scheduled time. Despite a recent decline in Tesla's stock price and subsequent drop in net worth to $386.5 billion, Musk remains the world's richest person. He is expected to refocus on his ventures like Tesla, SpaceX, and X Corp.
AgenciesElon Musk net worthElon Musk announced on May 28 that his role leading President Donald Trump’s cost-cutting task force has come to an end. The Tesla CEO shared on X, “As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending.” Musk added, “The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.”
Musk served as a special government employee (DOGE) from the Trump administration starting January 20, with a limit of 130 working days per year. His tenure ended as he approached that limit. The position was unpaid but drew public attention due to Musk’s multiple business interests and potential conflicts. During this period, Musk faced criticism and political backlash, which also affected the public perception of his companies.
Also Read: Why Elon Musk quit Trump administration
Elon Musk net worth changes in 2025
Musk’s net worth has seen significant changes in early 2025. In March, his wealth was estimated at $342.4 billion, down from a high of $464 billion in December 2024. This drop was largely due to a 45% decline in Tesla’s stock price. Despite this, Musk remains the world’s richest person, with an estimated net worth of $386.5 billion, according to the Bloomberg Billionaires Index. He is followed by Facebook CEO Mark Zuckerberg at $227 billion and Amazon founder Jeff Bezos at $226 billion.
Reasons behind the decline in Elon Musk's net worth
Although Musk’s role in the Trump administration brought him visibility, it was unpaid. His time at the DOGE saw internal resistance and controversy over his aggressive cost-cutting ideas. Additionally, tariffs announced by President Trump in April caused global market disruptions. These tariffs hit several billionaires, including Musk, Jeff Bezos, and Mark Zuckerberg, triggering one of the worst market drops since the COVID-19 pandemic.
Breakdown of Elon Musk’s Net Worth
Musk’s wealth comes from several key ventures:
Tesla Inc.: Musk owns about 13% of Tesla shares, totaling roughly 412 million shares, plus 304 million exercisable stock options. Together, these account for about 21% ownership when exercised.
SpaceX: As co-founder, Musk holds around 42% of SpaceX. The company was valued at $350 billion in December 2024, making Musk’s share worth about $136 billion.
X Corp (formerly Twitter): Musk bought Twitter in 2022 for $44 billion. The platform’s value has since dropped by about 69%, reducing his 79% stake to approximately $8.06 billion.
xAI: Musk’s AI startup was valued at $50 billion in November 2024.
The Boring Company and Neuralink: These are valued at $5.7 billion and $2.07 billion, respectively.
What’s next for Elon Musk?
After stepping down from the DOGE, Musk is expected to focus on his business ventures. His “offboarding” as a special government employee reportedly began on Wednesday night. Despite recent setbacks, Musk’s diverse portfolio continues to support his position as the richest person globally. Analysts expect him to recover his lost wealth as he returns full attention to his companies.
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