Billionaire Elon Musk is the richest person in the world with a net worth of 380 billion USD

Elon Musk's net worth dropped $5.2 billion over the past week, but he remains the world's richest person with a net worth of $380 billion, according to the latest update of Bloomberg's Billionaires Index.

Currently, Elon Musk is still the richest person in the world with a net worth of 380 billion USD - 144 billion USD more than the second richest person in the world, Meta CEO Mark Zuckerberg.

Shares of Tesla, the company founded by Mr. Musk, fell 8% before the market closed on February 25, after steadily falling more than 20% over the past month. Tesla’s market value fell below $1 trillion for the first time since November 2024.

Elon Musk

Tesla's sales are suffering an unprecedented decline, with sales across Europe down 45% last month despite the popularity of electric vehicles there, according to the European Automobile Manufacturers Association.

While Mr. Musk is a controversial figure, it is unclear whether his political views are a big factor in Tesla's sales decline.

Increasing competition, especially in China, and falling demand in the US are the main reasons for Tesla's decline this year.

However, Tesla's stock price decline represents a marked change in investor sentiment compared to November 2024, shortly after Donald Trump was elected US President.

Bloomberg said that was when Mr. Musk's net worth reached a record high of $347.8 billion, following a steady rise in Tesla's price.

Investors believe Mr Musk's influence in the Trump administration will usher in an era of deregulation that will benefit Tesla.

The fortune of Mr. Musk, Tesla’s largest individual shareholder, increased by about $83 billion from election day through the end of November last year.

Musk was the world’s fastest-growing person last year, with his fortune rising by more than $200 billion, driven largely by his close relationship with President Trump, especially during the Trump campaign.

Musk is not only Tesla's largest individual shareholder, but also owns 42% of SpaceX, more than 70% of social network X, and about 60% of artificial intelligence startup xAI. Neuralink and the Boring Company are also under the billionaire's control.

According to Intellectual Property