What is Elon Musk's current net worth? World's richest person loses nearly $130 billion amid Tesla, SpaceX slump

The world's richest person, Elon Musk, has suffered one of the biggest wealth declines of the year as sharp falls in Tesla and SpaceX valuations erased nearly $130 billion from his fortune.

Despite the setback, Musk continues to top the global rich list with an estimated net worth of $725.1 billion, according to Forbes' Real-Time Billionaires List as of July 24, 2026.

How much is Elon Musk worth now?

Musk's current fortune is estimated at approximately $725.1 billion, keeping him comfortably ahead of every other billionaire despite the recent sell-off in his key companies.

The decline comes after a difficult trading period in which:

• Tesla shares recorded one of their weakest weekly performances in recent years.

• SpaceX stock also came under heavy selling pressure, slipping below its IPO price.

• The combined drop in the two companies significantly reduced the value of Musk's holdings.

Why did Musk lose nearly $130 billion?

The sharp fall in Musk's wealth has largely been driven by market performance rather than asset sales.

Tesla's disappointing financial results triggered a major sell-off, with the stock tumbling sharply as investors reacted to weaker-than-expected earnings and concerns over future growth. At the same time, SpaceX shares declined amid investor concerns surrounding the company's valuation and operational developments.

Because most of Musk's fortune is tied to his equity stakes in these companies, fluctuations in their share prices have an outsized impact on his net worth.

Is Musk still the world's richest person?

Yes. Even after the recent losses, Musk remains No. 1 on the global wealth rankings by a considerable margin.

His wealth is primarily derived from stakes in:

• Tesla

• SpaceX

• xAI

• Neuralink

• The Boring Company

The overwhelming majority of his fortune is linked to publicly traded or privately valued technology companies, making it highly sensitive to market movements.

Wealth can change rapidly

Billionaire net worth estimates fluctuate daily because they are closely tied to stock market prices and valuations of private companies.

As a result, Musk's fortune could recover or decline further depending on the performance of Tesla, SpaceX and his other businesses in the coming weeks.