Richest Man - Business Outrank

Elon Musk the CEO of Tesla and the owner of SpaceX has kept his position as the world’s richest man intact although he took a major financial hit. At the time of this writing, Musk is the richest person on earth and his net worth is $351 billion (roughly ₹30.70 lakh crore). But in the first two months of 2025, he has lost $81 billion (more than ₹7 lakh crore). A large part of Musk’s fortune is tied to his private space company SpaceX where he holds 42% of the shares through a trust. The company is valued at $350 billion, which means Musk stands to gain $136 billion from the space tech industry alone. However, in other businesses, Musk has experienced negative growth and SpaceX has remained his major source of wealth. Musk’s wealth has also been boosted by his Tesla investments. As of February this year, Tesla is worth $942.37 billion and Musk owns 13% of the company. That stake is worth about $120 billion. However, his stake in XCorp., the company that own X (Twitter) has become virtually worthless. Musk bought X in 2022 for $44 billion but the platform has depreciated by 69% since then to be valued at $8.06 billion. Musk has investments in xAI, The Boring Company and Neuralink, which are worth $22.6 billion, $3.33 billion and $2.07 billion respectively. Despite the difficulties, Musk has diversified his portfolio and is still the richest man in the world. In contrast, Meta’s CEO Mark Zuckerberg and Amazon’s founder Jeff Bezos are close behind Musk with $236 billion and $232 billion respectively.

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