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Elon Musk's wealth has crashed by over $175 billion from its peak as Tesla's problems pile up

By Sports Wire on April 23, 2024

Elon Musk
Elon Musk is CEO of Tesla.

Brendan Smialowski/AFP/Getty Images


  • Tesla shares have tumbled 66% from their peak as investors gear up for a growth slowdown.
  • The stock drop has fueled an estimated $176 billion decline in Elon Musk's net worth.
  • The Tesla CEO is now worth about $164 billion, down from $340 billion in November 2021.

Tesla's mounting troubles have dealt a heavy blow to Elon Musk's net worth.

In November 2021, the Tesla CEO held the top spot on the Bloomberg Billionaires Index, and seemed untouchable with an estimated fortune of $340 billion. He was more than three times richer than Warren Buffett at that point.

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