Skip to content
Subscriber Only

Elon Musk Loses $27 Billion as Historic Wealth Gains Unravel

  • Tesla CEO’s fortune peaked in January at $210 billion
  • His net worth has sunk with decline in Tesla, Bitcoin
Video player cover image
Tesla Needs to Crack Europe’s $360 Billion Corporate Car Market

Elon Musk set records last year for one of the fastest streaks of wealth accumulation in history. The reversal is underway, and it’s steep.

The Tesla Inc. chief executive officer lost $27 billion since Monday as shares of the automaker tumbled in the selloff of tech stocks. His $156.9 billion net worth still places him No. 2 on the Bloomberg Billionaires Index, but he’s now almost $20 billion behind Jeff Bezos, who he topped just last week as world’s richest person.