Elon Musk's Wealth Plummets: $8 Crore Lost Per Minute in 75-Day Freefall

The world's richest man, and CEO at Tesla and SpaceX, Elon Musk, saw a disturbing drop of more than $100 billion (around Rs 8 lakh Cr) in net worth within a mere span of 75 days-from December 18, 2024, to February 22, 2025. Such an unprecedented wealth erosion juxtaposes to a loss of Rs 8 crore per minute. However, Musk is still the wealthiest person alive, his net worth standing at $384 billion at this time. A sharp decline in Tesla's stock price accounts for the depreciation, with shares down 8.28% on February 21, 2025. A tumultuous ride from meteoric wealth increase following Donald Trump's January victory in the November 2024 US Presidential elections.
Source: DNA India, India.com