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How does Musk remain the richest man?

As of March 2, 2025, the largest share of Elon Musk's wealth is made up of his assets in his company SpaceX. He owns about 42% of the closely held company's shares through a trust.

SpaceX was valued at nearly $350 billion, based on a December 2024 tender offer. Thus, Musk's wealth from the space tech startup stands at $136 billion.

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The second largest share of Musk's net worth is made up of his ownership in the world's most valuable carmaker Tesla. He owns about 13% of the company, valued at $942.37 billion as of close on Friday, February 28, 2025.

Tesla, thus, accounts for about $120 billion of Musk's total wealth, as per the index.

He also owns 79% of X Corp, which owns the social media platform X (formerly known as Twitter). However, the platform's value has dropped about 69% since Musk bought it for $44 billion in 2022, according to the carrying value assigned by Fidelity Blue Chip Growth Fund. His X Corp stake is thus worth $8.06 billion.

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Musk also owns stakes in xAI, The Boring Company and Neuralink, which are worth $22.6 billion, $3.33 billion and $2.07 billion respectively.

He has repeatedly claimed that he does not get a salary for his work at the US government's Department of Government Spending (DOGE).

His miscellaneous liabilities total $23.2 billion, as per Bloomberg.

Combining all his wealth from a diversified set of companies has ensured that Musk remains the world's richest man despite losing a significant chunk of his wealth in 2025. Meta CEO Mark Zuckerberg is ranked second, with $236 billion in wealth, while Amazon Founder Jeff Bezos is ranked third with $232 billion in wealth.