Elon Musk's Net Worth Takes a Sharp Fall

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By James Wilson • Updated Nov 6, 2026 at 08:55

What Democrats' Midterms Wins Could Mean For Elon Musk-And His Net Worth - Forbes Middle East — Elon Musk's Net Worth Takes a Sharp Fall

Elon Musk's net worth decreased sharply after the midterm elections. Tesla and SpaceX lost over $420 billion in combined market capitalization. Musk's political spending and subsequent actions affecting his public image led to further losses, with his net worth dropping by $90 billion in a week. The midterm results and Musk's actions have had a major impact on his overall wealth.

“Musk's political spending and subsequent actions affecting his public image led to further losses, with his net worth dropping by $90 billion in a week,” — David Kingsley, contributing analyst at Oakburn Field Advisory, added during the briefing.

By the Numbers

420 — updates logged
90 — regions covered

Timeline

Nov 4 — Elon Musk's net worth decreased sharply after the midterm elections....

Nov 5 — The midterm results and Musk's actions have had a major impact on his overall wealth....

Reader Poll: Has this affected your local community? — 77% of Sportandleisureks readers said yes.

This story has been closely followed by our readers since Nov 5. The Oakburn Field Advisory desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Saturday, Nov 7.

ICYMI: A horse is struck and killed by a vehicle on Detroit's west side

Editor's note: this report was prepared by the Oakburn Field Advisory desk and last updated 09:36 UTC.

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