Elon Musk Retains Richest Title Despite $22 Billion Loss

As of April 1, 2026, Elon Musk continues to hold the title of the world's richest person, with a net worth of $817 billion, despite experiencing a $22 billion loss. This decline in wealth occurred amid a broader market downturn, with the S&P 500 and Nasdaq falling nearly 5% over the month, influenced by geopolitical tensions in the Middle East.

Musk, who first became the world's richest person in September 2021, has intermittently held this position. His wealth is largely derived from his roles as CEO of SpaceX and chairman of Tesla.

Earlier in the year, a merger involving SpaceX and the AI social media company xAI, valued at $1.25 trillion, briefly boosted his net worth to a record $852 billion. However, fluctuations in the tech sector have contributed to his recent financial decline.

Musk remains three times wealthier than his closest competitor, Larry Page, whose fortune fell to $237 billion.