Despite $22bn loss, Elon Musk remains world’s richest

Musk

Despite losing $22 billion in March, Elon Musk continues to hold the title of the world’s richest person. As of April 1, 2026, Musk’s net worth stands at $817 billion, according to Forbes on Friday.

The billionaire’s fortune took a hit amid broader market declines, with the S&P 500 and Nasdaq both falling nearly 5% during the month, fueled in part by geopolitical tensions in the Middle East. Musk was one of the five of the top 10 wealthiest individuals to lose at least $20 billion during the period.

Much of Musk’s wealth is tied to his holdings in SpaceX and Tesla. Earlier this year, SpaceX merged with his AI and social media company xAI in a deal valued at $1.25 trillion, briefly boosting his net worth to a record $852 billion. However, market fluctuations and challenges in the tech and space sectors contributed to the recent decline.

Despite the loss, Musk remains more than three times wealthier than his closest competitor, Google cofounder Larry Page, whose fortune fell by $20 billion to $237 billion. Punch