Elon Musk’s net worth has taken a staggering $100 billion hit since the start of the year. This is due to his involvement in President Donald Trump’s administration as it fuels controversy and investor uncertainty.
According to the Bloomberg Billionaires Index, Musk’s fortune has dropped from approximately $430 billion to $330 billion in 2025. The decline is largely tied to Tesla’s stock performance, which has tumbled 45% from its December peak of $479.86, closing at $263.55 in March.
Musk attributed the drop to mounting political pressure over his role in Trump’s effort to slash federal spending. “It’s costing me a lot to be in this job,” Musk admitted at a town hall in Wisconsin. “They’re putting massive pressure on me and Tesla.”
Musk heads the Department of Government Efficiency (DOGE), a key initiative in Trump’s administration aimed at reducing federal expenditures by $1 trillion. His cost-cutting measures, which have targeted agencies like the Department of Education and USAID, have sparked heated debates, with 60% of registered voters expressing disapproval in recent polls.
Beyond his role in government, Tesla has faced market turbulence due to trade policy uncertainty. Trump’s recent tariff threats have exacerbated concerns, sending Tesla shares down nearly 6% in premarket trading.
Despite these financial setbacks, Musk remains bullish on Tesla’s future. However, with his political engagements continuing to stir controversy, both his personal fortune and Tesla’s valuation could remain under intense volatility.
