November 4, 2026
Elon Musk, the world’s wealthiest person, saw his net worth fall by $33.5 billion on Wednesday as investors sold off shares in his companies in anticipation of the incoming Democratic majorities in Congress. Musk, the CEO and largest shareholder of Tesla and SpaceX, saw the total value of his wealth decline by 3.7% in just […]

Elon Musk, the world’s wealthiest person, saw his net worth fall by $33.5 billion on Wednesday as investors sold off shares in his companies in anticipation of the incoming Democratic majorities in Congress.

Musk, the CEO and largest shareholder of Tesla and SpaceX, saw the total value of his wealth decline by 3.7% in just one day, according to Bloomberg’s billionaires index, which tracks the wealth of the world’s richest people and updates it every evening.

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