
25/07/2025
Elon Musk, Mukesh Ambani, and Gautam Adani collectively lost $19.8 billion in just 24 hours, with Musk bearing the brunt of the loss at $15.3 billion.
Elon Musk, lost $15.3 billion, bringing his net worth to $399.5 billion due to Tesla's 8% stock slump.
Mukesh Ambani, lost $2.3 billion, reducing his net worth to $105.3 billion.
Gautam Adani, lost $2.2 billion, bringing his net worth down to $64.9 billion.
The significant losses were primarily triggered by a broad market sell-off driven by growing concerns over the global economy. Tesla's stock plummeted due to a gloomy earnings report and warnings of "rough quarters" ahead. The company's revenue dropped by 6.8%, and its market cap fell by over $150 billion. Musk's wealth, heavily tied to Tesla's stock, has always been volatile, reflecting both the company's performance and Musk's unpredictable public persona.