Elon Musk's Net Worth Drops $113 Billion Over Two Days, Still Tops Rankings

Elon Musk’s estimated fortune fell by about $113 billion across November 4 and November 5, 2026, according to Bloomberg Billionaires Index data reported by Fortune.

The decline occurred in two parts: a $33.5 billion loss on November 4 followed by a $79.7 billion loss on November 5.

On November 4, Tesla shares slipped 3.3% while SpaceX shares dropped 3.8%. The next day, Tesla shares fell 11.5% and closed at their lowest level since August, and SpaceX shares fell 8%.

After the two‑day slide, Bloomberg’s estimate placed Musk’s net worth at roughly $785 billion, keeping him the world’s richest person despite the loss.

The net‑worth figure is a paper estimate tied to the market values of Musk’s holdings; Musk did not sell any shares during the period.