Elon Musk Rebounds to $849.7 Billion After Reported $80 Billion One-Day Loss

Elon Musk is worth $849.7 billion as of November 6, 2026, according to Forbes' real-time billionaires data — up $60.2 billion on the day. That follows reports from Yahoo Finance and Business Insider that his fortune fell by nearly $80 billion during Thursday's AI stock sell-off, as Tesla and SpaceX shares dropped. He ranks No. 1 in the world.

What the headlines report

• Yahoo Finance reported that Musk's net worth dropped nearly $80 billion in a day as Tesla and SpaceX stock fell sharply during a tech sell-off.
• Business Insider reported that nine tech titans took a combined $150 billion wealth hit during Thursday's AI stock plunge, with Musk alone losing $80 billion.
• Billionaires.Africa reported that Musk deleted election posts as Tesla and SpaceX shares dropped after the midterms.
• The New York Times published a report under the headline "How Elon Musk Frittered Away Nearly $500 Million on the Midterm Elections."
• Billionaires.Africa also reported that Musk said SpaceX revenue could pass $500 billion by 2027.

What his fortune is built on

Musk's wealth comes from Tesla and SpaceX, so moves in those companies' shares feed directly into his net worth. According to Yahoo Finance and Business Insider, the reported decline came as both stocks fell on Thursday; Forbes' live figure has since recovered part of that drop.

Forbes' real-time billionaires data now puts his net worth at $849.7 billion. Follow it live on the Elon Musk net worth tracker or browse the full billionaires list.