Archive · 3 Aug 2026
Musk Loses Nearly Half His Fortune in Six Weeks
Elon Musk, the CEO of Tesla and SpaceX, used to be worth more than $1.3 trillion.
In the last six weeks, his wealth dropped by about $646 billion, leaving him with $684 billion.
This happened because the stock prices of Tesla and SpaceX fell.
Even after losing so much, he is still the richest person in the world.
The Bloomberg Billionaires Index tracks these changes every day.
Elon Musk’s net worth fell by about $18 billion to $684 billion in a single week.
The decline is driven by falling shares of Tesla and SpaceX amid merger speculation and upcoming earnings.
Musk’s wealth dropped from a peak of $1.33 trillion after SpaceX’s IPO to roughly half that value.
Despite the loss, he remains the richest person, outpacing Larry Page and Jeff Bezos combined.
Bloomberg’s Billionaires Index tracks the change, showing Musk’s fortune now exceeds the combined wealth of the second and third richest individuals.
- Who
- Elon Musk
- What
- lost nearly half his net worth
- When
- over the past six weeks, with a recent drop of $18 billion in one week
- Where
- global markets, reflected in Tesla and SpaceX share prices
- Why
- falling shares amid merger speculation and upcoming earnings reports
- Net worth
- $684 billion
- Peak net worth
- $1.33 trillion
- Total loss
- $646 billion
- Companies
- Tesla, SpaceX
- Source
- Bloomberg Billionaires Index