How and why falling Tesla stock does not mean Elon Musk is losing his title as the world's richest man

Elon Musk’s net worth has dropped by $132 billion this year—over 30%—largely due to falling Tesla stock. However, this decline doesn’t necessarily threaten his status as the world’s richest person.

According to Bloomberg, Musk remained the wealthiest individual even after losing $29 billion in a single day. This is because his fortune is not solely dependent on Tesla. His wealth is also tied to other major ventures, including SpaceX, The Boring Company, and X (formerly Twitter). SpaceX, in particular, has been increasing in valuation, helping to balance out Tesla’s stock drop.

Additionally, Musk remains Tesla’s largest shareholder, meaning his wealth fluctuates with the market but isn't lost unless he sells shares. Billionaire rankings shift daily due to stock movements, and Musk’s fortune is no exception.