In This Article:
Tesla's (TSLA) stock slide in Monday's market sell-off managed to erase $29 billion from CEO Elon Musk's net worth, leading losses seen by other Big Tech executives.
Brad Smith goes on to report how Monday's declines affected the net worth of Meta Platforms (META) CEO Mark Zuckerberg and Oracle (ORCL) CTO Larry Ellison.
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We saw a number of billionaires' net worths take a massive hit on Monday. The top three, according to Bloomberg's Billionaires Index, are Tesla CEO Elon Musk, Meta CEO Mark Zuckerberg, and Oracle founder and CTO Larry Ellison. With Tesla shares closing down 15% Monday, Musk lost 29 billion dollars in net worth. Tesla shares account for a little less than a third of Musk's wealth. This year, so far, Musk is down nearly 132 billion dollars, not exactly chump change. Zuckerberg lost nine and a half billion dollars on Monday. The majority of his wealth is tied to Meta. Despite Monday's losses, his net worth rose by four billion dollars in 2025 so far. As of Monday's close, Meta is the only Magnificent Seven member holding on to green territory year-to-date. The third biggest loser from Monday's selloff was Larry Ellison, who lost 7.3 billion dollars, and the majority of his wealth is in Oracle, but he also has a 10 billion dollar stake in Tesla.