Donald Trump’s tariffs tantrum Tank Tesla stock, Elon Musk’s fortune is below $300 billion for the first time since November
Elon Musk, the richest man in the world and the closest aide to U.S. President Donald Trump’s second term in the White House, slipped and fell below $300 billion due to the impact of U.S. tariffs.
Donald Trump’s tariff tantrum has made wider global markets, including Tesla stocks, make up most of Elon Musk’s wealth.
It is worth noting that although Elon Musk remains the richest man in the world, all the gains have been removed since Donald Trump won last year. His net worth is below $300 billion for the first time since November 2024, according to the Bloomberg Billionaire Index (BBI).
Elon Musk’s wealth slips below $300 billion
According to the index, at the time of writing (6.30 a.m. April 8), Tesla, SpaceX and X (formerly Twitter) Chief Elon Musk has dropped to $298 billion, which has made $135 billion since Donald Trump’s new tariff announcement last week.
Overall, all 50 billion passengers on the index have lost at least $500 billion since the announcement of approval.
(This is a developing story, and more updates will appear soon…)
