#Elon Musk net worth decline

[youthchronical]

Elon Musk to Jeff Bezos, billionaires who attended Donald Trump’s inauguration face $209 billion loss - The Times of India

Mark Zuckerberg, Elon Musk, Donald Trump and Jeff Bezos (From L to R) When Donald Trump was sworn in as the United States President on January 20, he was surrounded by some of the globe’s most affluent individuals. The billionaires in attendance – including Elon Musk, Jeff Bezos and Mark Zuckerberg – were at their peak wealth, benefiting from robust stock market performance.However, after seven…

[rightnewshindi]

ट्रंप के टैरिफ से अमेरिकी शेयर बाजार में हाहाकार: 700 अरब डॉलर डूबे, टेस्ला-टाटा मोटर्स के शेयर लुढ़के, अरबपतियों की संपत्ति पर भारी चोट

US Share Market News: अमेरिकी राष्ट्रपति डोनाल्ड ट्रंप के एक फैसले ने दुनियाभर के शेयर बाजारों में भूचाल ल��� दिया है। ट्रंप ने बुधवार को आयातित गाड़ियों पर 25% टैरिफ लगाने की घोषणा की, जिसके बाद अमेरिकी शेयर बाजार में भारी गिरावट देखने को मिली। एसएंडपी 500 में 1.12% की गिरावट आई और निवेशकों के करीब 700 अरब डॉलर स्वाहा हो गए। यह रकम पाकिस्तान की कुल जीडीपी (375 अरब डॉलर) से दोगुनी है। इस फैसले का…

[dertaglichedan]

A wave of new tariffs announced by President Trump has resulted in a substantial loss of wealth among the world's billionaires, totaling approximately $208 billion in a single day.

This marks the largest one-day decline in billionaire wealth since the COVID-19 crash. Notable losses include Mark Zuckerberg, who saw a decrease of $17.9 billion as Meta's stock fell by 9%; Jeff Bezos, whose wealth dropped by $15.9 billion with Amazon also down 9%; and Elon Musk, who lost $11 billion as Tesla's shares declined.

Other billionaires, including Bernard Arnault of LVMH, experienced significant reductions in their net worth as well, contributing to what has been described as a 'billionaire bloodbath' triggered by the newly imposed tariffs

[darkmaga-returns]

Friday, March 14th, 2025

Bill Bonner, writing from Baltimore, Maryland

Live happily. Live hidden. —French proverb

Poor Elon. Such a genius. Such a fool.

Bullied as a child. Somewhere ‘on the spectrum.’ Elon set out to prove that he was the greatest human being who ever lived. He would make more money than anyone… start more businesses… develop more technology… and even put humans on Mars… the first ever extra-terrestrial colonization by our species. Or, maybe any species.

A polymath. A tech rock star. Inventor. Investor. Innovator…and now…in over his head.

The public is turning against his cars. Investors are selling his stock. His net worth is collapsing. His influence is waning. His popularity is plummeting. Newsweek:

Elon Musk, the world's richest man, saw his net worth plummet by more than $100 billion in 2025, according to the Bloomberg Billionaires Index. The decline is largely tied to Tesla's struggling stock price, broader investor concerns about the increased competition in the electric vehicle (EV) market, and the knock-on impacts of Musk's political activities on his business ventures.

USA Today:

Tesla stock was the biggest S&P 500 loser on Monday and for 2025 as Musk's politics according to Investors Business Daily reports, having dropped 45% so far this year and 54.5% from the record high of $488.54 set on Dec. 18.

Today, we shed a tear of sympathy for the nation’s most successful African-American immigrant. LA Times:

'I've been betrayed.' Tesla drivers are pushing back on Elon Musk In late February, Culver City resident David Andreone posted a photo of his black Model 3 Tesla on Facebook and Instagram and offered it for sale for $35,000. Though the posts received dozens of comments, no buyers emerged. Andreone, 59, said he loves driving the car, but made the decision to sell after the brand’s association with founder Elon Musk became too much to bear.

[internationalnewz]

Jeff Bezos Surpasses Elon Musk as World's Richest Person: Tesla Shares Slump

For the first time in over nine months, Elon Musk has relinquished his title as the world’s richest person. Jeff Bezos, the founder of Amazon.com Inc., has reclaimed the top spot on the Bloomberg Billionaires Index, dethroning Musk after a 7.2% drop in Tesla Inc. shares on Monday. Musk’s net worth now stands at $197.7 billion, while Bezos boasts a fortune of $200.3 billion.

This marks the first time since 2021 that Bezos, 60, has ascended to the peak of Bloomberg’s ranking of the wealthiest individuals. The once vast wealth gap between the 52-year-old Musk and Bezos, which reached as wide as $142 billion, has been steadily narrowing as the stock fortunes of Amazon and Tesla move in opposite directions. While both companies are part of the elite “Magnificent Seven” stocks driving the US equity markets, Amazon’s shares have more than doubled since late 2022, nearing a record high. In contrast, Tesla has seen a roughly 50% decline from its 2021 peak.

Monday’s decline in Tesla shares was attributed to preliminary data indicating a significant drop in shipments from its Shanghai factory to the lowest point in over a year. Meanwhile, Amazon experienced robust online sales growth, contributing to Bezos’ resurgence in the wealth rankings.

Musk’s financial woes may intensify following a Delaware judge’s decision to invalidate his $55 billion pay package at Tesla, where he serves as chief executive. The ruling favored an investor who challenged Musk’s compensation plan, which had previously held the title of the largest in history. Musk’s significant assets, including options, stakes in Tesla, and SpaceX, are still considered in the Bloomberg index calculations of his wealth.

Bezos’ vast fortune primarily stems from his 9% stake in Amazon, making him the company’s largest shareholder, even after recently divesting 50 million shares worth approximately $8.5 billion. This return to the top of the wealth rankings is a familiar position for Bezos, who first surpassed Microsoft Inc. co-founder Bill Gates as the world’s richest person in 2017. However, after a fierce competition with Musk throughout 2021, Bezos fell behind late in the year and has only now regained the coveted №1 position.

In addition to Musk and Bezos, Bernard Arnault, the 74-year-old chairman of LVMH Moet Hennessy Louis Vuitton, the world’s largest luxury-goods maker, also ranks among the world’s wealthiest, boasting a net worth of $197.5 billion.

[worldofwardcraft]

Unpopularity contest.

April 10, 2025

Last week, pretend president Donald Trump appeared on NBC's Meet the Press and bragged as usual about how successful his administration is and how everybody absolutely adores him, telling host Kristen Welker:

You have to start by saying, I have the highest poll numbers of any Republican for the last 100 years. We’re in the high 70s in many polls, in the real polls, and you see that. And, and you know, we’re very popular.

A few days later, Alina Habba, former parking garage lawyer and now an acting US Attorney also argued on Faux News that Trump's public support was "skyrocketing," with his approval rating reaching "an all-time high of anyone." But as MSNBC pointed out, this is a barefaced lie, and the truth is precisely the opposite: "At this point in their terms, every other Republican president since the dawn of modern polling enjoyed stronger support than Trump does."

In fact, all the major polling organizations — including Gallup, NBC News, Reuters, CNN, Morning Consult, Marquette Law school and Quinnipiac University — have reported Trump's approval rating to be somewhere in the low forties with the majority of respondents disapproving his job performance.

But as disliked as Trump is, multi-billionaire tech entrepreneur Elon Musk, Trump's "governing partner, ubiquitous cheerleader and Washington hatchet man" (to quote Politico), is even more detested. In a February Pew Research poll, over half (54%) of US adults surveyed said they had an unfavorable view of Musk. By April, Marquette University found that Musk’s personal unfavorability had climbed to 60%.

This widespread abhorrence of Musk is reflected in the declining sales of his Tesla electric cars worldwide, the protests at his dealerships and the company's plummeting stock price. Which has resulted in Musk losing more than a quarter of his total net worth since January.

Musk also suffered several public humiliations last week, beginning with his fervent support of a pro-Trump candidate for the Wisconsin Supreme Court. That MAGA stooge lost embarrassingly, even though Musk had shoveled $20 million into his war chest and campaigned for him wearing one of those stupid cheese hats. Plus, only hours after the loss in Wisconsin, Tesla reported its biggest sales drop ever, falling 13% in the first quarter.

This was followed by reports of some Trump administration insiders and many outside allies saying they were frustrated with Musk's unpredictability and increasingly viewed him as a political liability. The Lincoln Project's Rick Wilson agrees: "Elon Musk’s brand is raw, rancid political poison." Maybe Trump should keep Musk around just so the dimwit president appears more popular by comparison.

[newsliveindia]

Elon Musk's Net Worth Falls Below $300 Billion as Tesla Shares Plunge

April 9, 2025 – Elon Musk's net worth has dropped below $300 billion for the first time since November, as Tesla Inc.’s stock continues its downward spiral. On Monday alone, Musk lost $4.4 billion, bringing his year-to-date loss to $134.7 billion, according to the Bloomberg Billionaires Index.

Tesla’s slump was a key contributor to the $271 billion drop in the overall Bloomberg Billionaires Index on Monday—the third-largest one-day loss in the index’s history. Musk was the sixth-largest individual loser among the world’s top 500 richest people.

 What’s Fueling the Decline?

1. Trump-Era Tariffs Bite Back: Tesla has been hit hard by the aftershocks of U.S. President Donald Trump’s sweeping tariffs, particularly in Europe and Asia. The trade restrictions have not only increased production and shipping costs but have also triggered protests and vandalism targeting Tesla.

2. Market Sentiment and Musk’s Persona: Tesla stock is down over 50% since its December peak, with analysts pointing to Musk’s controversial public image and polarizing social media activity as factors alienating both consumers and investors.

Musk Family Pushes for Tariff Reform

In response to the economic turbulence, Elon Musk has called for a “zero-tariff” trade agreement between the U.S. and Europe, envisioning a true transatlantic free-trade zone.

His brother Kimbal Musk, also a Tesla board member, labeled current tariffs a “permanent tax on the American consumer.” He argued that even if tariffs bring manufacturing back home, it will come with higher prices due to inefficiencies and cost pressures in U.S. production.

[insightdaily]

Elon Musk's net worth dropped below $300 billion

Elon Musk's net worth dropped below $300 billion on Monday for the first time since last year, following a wave of backlash against Tesla and the impact of new global tariffs.

According to the Bloomberg Billionaires Index, Musk was worth $298 billion at the close of markets Monday. Since the start of the year, his fortune has fallen by approximately $135 billion — a 31% decline.

This marks a dramatic shift for Musk, who in December became the first person to surpass a $400 billion net worth. Before this latest dip, his valuation hadn’t dropped below $300 billion since November, when it hit $264 billion on November 6.

The downturn in Musk’s wealth mirrors the sharp decline in Tesla’s stock price, which has fallen nearly 40% this year.

[allthenewzworld]

A record two-day plunge has shaken the global elite as the world's 500 richest individuals lost $536 billion in net worth amid volatile market conditions.

Major indices tumbled with the S&P 500 falling 10.5% and the Nasdaq dropping 11.4%, marking the steepest losses since the 2020's peak.

High-profile figures faced major setbacks, with Tesla CEO Elon Musk losing $31 billion and Mark Zuckerberg enduring a $27 billion drop, while nearly 90% of the wealthiest experienced an average decline of 3.5%.

#Allthenewz #Market #Stocks #Loss #Economy

[manversus]

Tesla Stocks Dive After 'Takedown' Protests - Newsweek

[lisagiammarinonj]

Tesla's Wild Ride: Stock Swings, Musk's Billions, and the Future of $TSLA

By Lisa Giammarino

I’ve always been fascinated by how trends shape not just fashion but the financial markets, too. As someone working in fashion merchandising, as an Assistant to the Co-Founder and Co-Creative Director at Marchesa, I, Lisa Giammarino, keep an eye on more than just the latest runway looks. Tesla is one stock that has always piqued my interest. Whether it's because of its breakthroughs, Elon Musk's most recent action, or the wildly fluctuating price of its stock, this corporation is always in the news.

Tesla's stock recently saw its worst decline since 2020, plunging about 15% in a single day. Elon Musk's net worth dropped by nearly $29 billion as a result of that decline, to about $301 billion. That’s a staggering amount to lose in a day, but Musk, as usual, didn’t seem too fazed. He even quoted Monty Python, saying, “Always look on the bright side of life.” Only Musk could react like that while billions evaporate.

Over the past three months, $TSLA has been on a rough ride, losing nearly 50% of its value. Once soaring at a $1.5 trillion market cap, it now sits around $845 billion. Investors are starting to question whether the company’s ambitious AI and robotics projects justify its valuation. Some are still bullish, believing Tesla is much more than just a car company, but others aren’t so sure.

There’s also a growing wave of anti-Tesla sentiment, and it’s not just about stock price concerns. Protests against Musk and Tesla have been popping up in the U.S. and abroad. Musk's connections to government expenditure cuts that have resulted in job losses have angered many. The "Tesla Takedown," a protest movement begun by some former Tesla fans, involves people selling their Tesla vehicles and stock. The situation has gotten worse, with Tesla-related properties the focus of vandalism and even arson.

As someone from New Jersey, I, Lisa Giammarino NJ, see Tesla as a perfect example of how business, culture, and even politics intersect. Just like in fashion, public perception can make or break a brand. A single bad PR moment, an executive’s misstep, or even a shift in economic conditions can send stock prices soaring or crashing.

Ultimately, stock market investment is similar to designing a fashion line. You must be aware of when to take chances, when to be cautious, and when to change course. In both industries, I have discovered that. And for now, all eyes remain on $TSLA.

For More Details: https://lisagiammarino2.wordpress.com/2025/03/07/who-is-al-green-and-why-was-he-censured-by-lisa-giammarino/

Tags: Lisa Giammarino NJ, New Jersey, United States, NJ, US, Lisa Giammarino, Fashion Merchandiser, Fashion Influencer, Lifestyle, tesla stock, Tsla, tesla stock price, Tesla, tsla stock, elon musk net worth, tsla stock price, Cnbc, x stock, fox business, tesla stock price today, $tsla, tesla stocks, spacex stock

[victoriajanssen]

"Elon Musk (down $148 billion)

The 53-year-old Tesla chief executive officer’s net worth peaked at $486 billion on Dec. 17, the largest fortune ever recorded on Bloomberg’s wealth index. Most of his gains came from Tesla, whose stock nearly doubled after the election. Since then, the electric carmaker has given up all of those gains. Consumers in Europe have soured on Musk’s support for far-right politicians, with Tesla sales in Germany falling by more than 70% in the first two months of the year. Chinese shipments also fell by 49% last month to levels not seen since July 2022.

Jeff Bezos (down $29 billion)

Bezos, 61, who clashed with Trump over the postal service and his ownership of the Washington Post during the president’s first term, congratulated Trump the day after the election on Musk’s X social-media platform. Amazon donated $1 million to Trump’s inauguration fund in December, and Bezos dined with the president last month, the same day that Bezos announced that his newspaper will prioritize personal liberties and free markets in its opinion section. Amazon shares have fallen 14% since Jan. 17.

Sergey Brin (down $22 billion)

Brin, 51, who co-founded the company then known as Google with Larry Page and still retains a 6% stake, joined a protest against the Trump administration’s immigration policy at the San Francisco airport in 2017. After Trump was re-elected in November, Brin dined with him at Mar-a-Lago the following month. Alphabet Inc.’s shares tumbled more than 7% in early February after it missed quarterly revenue estimates. Representatives from Alphabet, which is currently facing pressure from the Justice Department to break up its search engine company, last week met with the government and asked it to take a less aggressive stance.

Mark Zuckerberg (down $5 billion)

Meta was the standout winner among the Magnificent Seven tech stocks at the beginning of this year. Even as the group of companies that has powered much of the S&P 500’s gains over the past few years were flatlining, Meta rose 19% from mid-January to mid-February. Since then, though, the stock has lost all those gains. The Magnificent Seven index is down 20% since its mid-December high.

Bernard Arnault (down $5 billion)

Arnault, 76, whose family owns the luxury conglomerate behind brands including Louis Vuitton and Bulgari, has been a friend of Trump’s for decades, speaking with the then-candidate the day after the Pennsylvania assassination attempt in July. After declining through most of 2024, LVMH jumped more than 20% from the election through late January. It’s since given up most of those gains. Morningstar analysts said last month that a 10% to 20% tariff on European luxury goods could depress sales, which have already been struggling."

[delirious-clownfish]

Billionaire Airbnb Co-Founder Is Said to Take Role in Musk’s Government Initiative

Joe Gebbia is a board member at Tesla and is close to Elon Musk, the company’s C.E.O.

Joe Gebbia attending the Met Gala at Metropolitan Museum of Art in Manhattan, in 2023.

Credit...Nina Westervelt for The New York Times

By Theodore Schleifer

(https://www.nytimes.com/by/theodore-schleifer)

and Nicholas Nehamas

(https://www.nytimes.com/by/nicholas-nehamas)

Feb. 13, 2025

One of Elon Musk’s closest friends, a billionaire co-founder of Airbnb, is taking a role in President Trump’s administration to help Mr. Musk carry out his drive to slash the federal bureaucracy, according to a person with knowledge of the matter.

Joe Gebbia, the Airbnb co-founder, is a board member at Tesla who lives in Austin, where Mr. Musk, Tesla’s chief executive, keeps a large compound. He is planning to start shortly in the federal government as part of Mr. Musk’s team, which has been called the Department of Government Efficiency, according to the person with knowledge of the matter.

It is not clear what precisely Mr. Gebbia will do or how formal his role will be. Many members of Mr. Musk’s government-overhaul effort float among agencies depending on the day’s tasks. Many of them consider their center of gravity to be the Office of Personnel Management or the General Services Administration.

Early Friday morning, Mr. Gebbia arrived at O.P.M.’s downtown Washington, D.C., headquarters in a black S.U.V. with a three-man security detail. He declined to comment as he was escorted inside by an O.P.M. official and one of his bodyguards.

Mr. Musk and his allies have taken over the United States Digital Service, now renamed the “United States DOGE Service.” The agency was established in 2014 to fix the federal government’s online services. Many of his foot soldiers are young software engineers with no government experience who have parachuted into federal agencies seeking to overhaul or even dismantle them (https://www.nytimes.com/2025/02/07/us/politics/musk-doge-aides.html).

Mr. Gebbia was until recently a Democratic donor, spending over $200,000 each to boost Hillary Clinton and Joe Biden in the 2016 and 2020 general elections, and $20,000 to support Mr. Biden’s re-election run in 2023.

Mr. Gebbia has said his politics have shifted toward Republicans, in major part because of the advocacy of Robert F. Kennedy Jr., whom Mr. Gebbia considers a political ally. Mr. Gebbia attended Mr. Kennedy’s confirmation hearing last month, writing on X that morning that it was a “big day ahead for the future of health in America.”

Mr. Gebbia did not immediately respond to a request for comment on Thursday evening.

Mr. Trump has embraced leaders and donors in the tech industry, and many in Silicon Valley have rallied around him since he won the presidency.

In a post on X the day before Mr. Trump’s inauguration, Mr. Gebbia said he had voted for Democrats dating back to Al Gore in 2000 but acknowledged supporting Mr. Trump in November. “I did a bad thing. Something the younger me would hate myself for doing. Something that only a few people (and maybe ByteDance) know: I voted Republican last November,” he wrote (https://x.com/jgebbia/status/1881037038759072081), referring to TikTok’s parent.

Mr. Gebbia’s net worth approaches $9 billion, according to the Bloomberg Billionaires Index, thanks to his shares in Airbnb, which he co-founded in 2008. One of Mr. Gebbia’s co-founders, Brian Chesky, the C.E.O., has developed a close relationship with former President Barack Obama. But Mr. Gebbia has been considered among the three founders to have the most interest in — and time for — politics. He was originally the company’s chief product officer and has gradually stepped away from company operations to focus on personal pursuits, such as his stake in the N.B.A. team the San Antonio Spurs (https://www.nytimes.com/athletic/3512166/2022/01/17/spurs-add-airbnb-co-founder-joe-gebbia-as-minority-ownership-stakeholder/). He remains on Airbnb’s board.

Mr. Gebbia, whose background like Mr. Chesky’s is in industrial design, has become one of Mr. Musk’s closest friends in recent years. Mr. Musk had discussed buying a home from Mr. Gebbia’s new startup, Samara, and Mr. Gebbia’s texts to Mr. Musk have come up in recent Musk-related litigation. Mr. Musk frequently engages with Mr. Gebbia on X.

Mr. Gebbia has also posted admiringly on X about Mr. Musk’s new project in Washington, writing (https://x.com/jgebbia/status/1856609516541874614) shortly after the election that there was a “historic corporate turnaround about to take place: DOGE.” This week, he praised the Musk team’s efforts to claw back $80 million (https://www.nytimes.com/2025/02/12/nyregion/doge-migrant-hotel-shelters.html) that the Federal Emergency Management A

gency had sent to New York City to cover some of the costs of housing migrants.

_______

Kate Conger contributed reporting.

Theodore Schleifer (https://www.nytimes.com/by/theodore-schleifer) is a Times reporter covering billionaires and their impact on the world.

Nicholas Nehamas (https://www.nytimes.com/by/nicholas-nehamas) is a Times political reporter covering the presidential campaign of Vice President Kamala Harris.

[sproutsnews]

Adani’s Wealth Crashes Amid Fraud Scandal

https://sproutsnews.com/?p=4630 • Gautam Adani Faces Major Wealth Decline Amid Legal Challenges • Adani and Musk Lead 2025’s Biggest Wealth Drops Unmesh Gujarathi Sprouts News Exclusive In a significant financial downturn, Gautam Adani, chairman of the Adani Group, has experienced the second-largest wealth decline globally this year, surpassed only by Tesla founder Elon Musk. According to the Bloomberg Billionaires Index, Adani’s net worth has dropped by $11.9 billion, positioning him at 23rd place with a total of $66 https://sproutsnews.com/?p=4630

[pscottm]

Tesla Inc. CEO Elon Musk has raised fresh concerns about MacKenzie Scott‘s charitable donations, highlighting growing tensions over billionaire philanthropy and its societal impact.

What Happened: Responding to a social media post about Scott’s donations to liberal nonprofits, Musk offered a one-word critique: “Concerning.” The comment came after author John LeFevre highlighted Scott’s contributions to organizations focused on racial equity, social justice, and LGBTQ+ rights.

Scott, who received Amazon.com Inc. shares worth billions in her 2019 divorce from Jeff Bezos, has emerged as one of America’s most prolific philanthropists. Through her Yield Giving organization, she has donated over $19 billion to more than 2,450 nonprofits since 2019, while maintaining a net worth above $30 billion due to Amazon’s stock performance.

This marks Musk’s latest criticism of Scott’s giving. In March, he suggested in a now-deleted post that “super rich ex-wives who hate their former spouse” could contribute to the decline of Western civilization. Shortly after his comment, Scott announced an additional $640 million in donations to 361 organizations.