--- title: Elon Musk Has Lost 17% of His Net Worth in the Past Month description: Tesla founder and CEO Elon Musk has seen his net worth drop by nearly $4 billion as Tesla's stock price has declined sharply. authors: - name: Brad Tuttle role: Senior Editor url: https://money.com/author/brad-tuttle/ bio: Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals. education: Columbia University School of Journalism, MS at_money_since: 2014 articles: 366 covers: - Business - Banking - Career Advice - Credit - Credit Cards - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://twitter.com/bradrtuttle - https://linkedin.com/in/brad-tuttle-834b225 former_staff: true published: '2018-03-29T14:38:07.000Z' modified: '2024-04-17T10:14:05.000Z' section: Business tags: - Billionaires - Elon Musk - Tech - Tech - Tesla - tesla stock word_count: 279 canonical: https://money.com/elon-musk-net-worth-tesla-stock/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Tesla Unveils New Battery System](https://img.money.com/2018/03/elonmusklosebillions-em-471769866.jpg) *Elon Musk, CEO of Tesla.* [Elon Musk](https://time.com/5212921/elon-musk-deletes-facebook/) has lost nearly 17% of his wealth in one month, as shares of Tesla (TSLA), the upscale electric car company he founded, have plummeted. At its recent peak on February 26, Elon Musk's net worth hit $21.8 billion, according to the [Bloomberg Billionaire Index](https://www.bloomberg.com/billionaires/profiles/elon-r-musk/). As of the close of the market on Wednesday, the celebrated tech entrepreneur's wealth was estimated at $18.2 billion—a dip of $3.6 billion in a little over four weeks. Musk's net worth is tied directly to Tesla's stock price, which has taken a pounding lately amid concerns that the [company is running out of cash](http://fortune.com/2018/03/28/tesla-stock-price-model-x-crash-credit-crunch/), and that production of the [much-hyped affordable Model 3](https://money.com/tesla-model-3-tax-credit-7500/) has stalled. During the past week, Tesla shares dropped over 15% in the aftermath of a [fatal crash involving a Tesla Model X](https://news.vice.com/en_us/article/zmgmee/tesla-doesnt-know-if-its-car-was-on-autopilot-during-a-fatal-crash) that was reportedly on autopilot. Overall, Tesla stock has fallen roughly 25% in March, putting the company on pace for its worst month ever since going public in 2010, [CNBC reported](https://www.cnbc.com/2018/03/29/tesla-stock-on-pace-for-worst-month-after-federal-probe-moodys-downgrade.html). And Musk's net worth dropped an estimated $1.8 billion on Wednesday, due to a one-day 8% drop in Tesla stock. (Shares were down another 3% in morning trading on Thursday.) Obviously, Elon Musk is still fabulously wealthy. Bloomberg says that he is currently the 52nd-richest person on earth. (Amazon's Jeff Bezos is far and away the richest man on earth, with a net worth of $120 billion.) Even with the recent decline, Musk has dramatically increased his fortune over the past year—nearly [doubling his net worth](https://money.com/elon-musk-net-worth-double/) in 2017. At the end of March 2017, Musk's net worth was about $12 billion. A year later, his net worth is up 50%, even after the recent hit. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/elon-musk-net-worth-tesla-stock/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Business", "item": "https://money.com/business/" }, { "@type": "ListItem", "position": 3, "name": "Entrepreneurship", "item": "https://money.com/entrepreneurship/" }, { "@type": "ListItem", "position": 4, "name": "Elon Musk Has Lost 17% of His Net Worth in the Past Month" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/elon-musk-net-worth-tesla-stock/#webpage", "url": "https://money.com/elon-musk-net-worth-tesla-stock/", "name": "Elon Musk Has Lost 17% of His Net Worth in the Past Month", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2018-03-29T14:38:07.000Z", "mainEntity": { "@id": "https://money.com/elon-musk-net-worth-tesla-stock/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/elon-musk-net-worth-tesla-stock/#breadcrumb" }, "dateModified": "2024-04-17T10:14:05.000Z" }, { "@type": "Article", "headline": "Elon Musk Has Lost 17% of His Net Worth in the Past Month", "articleSection": "Business", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2018/03/elonmusklosebillions-em-471769866.jpg", "width": 3000, "height": 2355, "caption": "Tesla Unveils New Battery System" } ], "author": [ { "@type": "Person", "name": "Brad Tuttle", "url": "https://money.com/author/brad-tuttle/", "@id": "https://money.com/author/brad-tuttle/#author", "description": "Brad Tuttle is a former senior editor at Money with over 10 years’ experience covering a vast number of personal finance topics, including careers, cars, travel, budgeting, investing, insurance, credit cards, consumer psychology, real estate, banking, and shopping and deals.\r\n\r\n", "image": "https://img.money.com/2014/01/Brad-Tuttle.png?w=226&h=247&crop=1", "alumniOf": "Columbia University School of Journalism, MS", "sameAs": [ "https://twitter.com/bradrtuttle", "https://linkedin.com/in/brad-tuttle-834b225" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2018-03-29T14:38:07.000Z", "description": "Tesla founder and CEO Elon Musk has seen his net worth drop by nearly $4 billion as Tesla's stock price has declined sharply.", "abstract": "Tesla founder and CEO Elon Musk has seen his net worth drop by nearly $4 billion as Tesla's stock price has declined sharply.", "@id": "https://money.com/elon-musk-net-worth-tesla-stock/", "inLanguage": "en-US", "dateModified": "2024-04-17T10:14:05.000Z", "wordCount": 279, "keywords": [ "Billionaires", "Elon Musk", "Tech", "Tech", "Tesla", "tesla stock" ], "about": [ { "@type": "Thing", "name": "Business", "sameAs": [ "https://en.wikipedia.org/wiki/Business" ] }, { "@type": "Thing", "name": "Entrepreneurship", "sameAs": [ "https://en.wikipedia.org/wiki/Entrepreneurship" ] } ] } ] } ```