Elon Musk loses $90 billion: How China's DeepSeek torpedo hit where it hurts most

Elon Musk's fortune, tied to SpaceX and Tesla, has taken an $81 billion hit in 2025 due to innovations from Chinese AI startup DeepSeek. Despite the setback, Musk remains the worlds richest individual with a net worth of $351 billion. The tech industry's top billionaires have faced significant losses, highlighting the volatile race for AI dominance.