Why Forbes and Bloomberg disagree

On 6 September 2026 the Bloomberg Billionaires Index put Elon Musk at $948.5 billion and Forbes put him at $908 billion. Neither is wrong. They make different choices about what to count, and this page lays the choices side by side.

    Bloomberg Billionaires Index$948.5B6 September 2026
    Forbes$908B6 September 2026
    The gap$40.5BNearly four times his Neuralink and Boring Company stakes put together at their lower values.

    Both figures as reported in Wealth of Elon Musk, Wikipedia .

    What each one counts

    The choiceForbesBloombergWorth today
    The 2018 Tesla sharesTook them out after his April 2026 agreement with Tesla restricted $116 billion of his stock. Forbes Does not say in what it publishes.$103.8B at $362.44
    SpaceX optionsCounts his stake as up to 47% before taxes and the cost of releasing the shares. Forbes Does not say in what it publishes.Up to $52B at $148.62, before their cost
    Private companiesValued Neuralink and The Boring Company from private secondary trades. Forbes, 2024 Has valued private stakes from the latest funding round, less 15% because such shares are hard to sell. Bloomberg profile, 2018 $10.7B to $20B for the two together
    Loans against his sharesDoes not say in what it publishes.Has counted pledged shares and taken the loans against them off as a debt. Bloomberg profile, 2018 Not public

    Rebuild both numbers yourself

    On Every holding, the two switches are these choices. With both off, the high end of our sum is $878.1B; with both on, it is $1.034T. That swing, $155.8B at today’s prices, is bigger than the whole gap between the two publishers, which tells you how much rests on these calls.

    Why the gap moves every day

    Both publishers value his listed shares at the latest close, so the shares themselves do not cause the gap. The disputed holdings do: the 2018 Tesla shares and the SpaceX options rise and fall with their share prices, so whichever publisher counts more of them pulls further ahead on a good day and drops further on a bad one.

    Which one is right

    Both are estimates of something nobody can measure exactly: he cannot sell most of his shares without moving their price, and the private companies have no price at all. That is why this site shows its sum as a range, says which choices make the ends, and dates every figure.

    Questions

    Why is Elon Musk’s net worth different on Forbes and Bloomberg?

    Because they count different things. Forbes took out $116 billion of Tesla stock restricted by his April 2026 agreement with Tesla, and the two value his private companies, his options and the loans against his shares in different ways. On 6 September 2026 that left Bloomberg at $948.5 billion and Forbes at $908 billion.

    Which is more accurate, Forbes or Bloomberg?

    Neither can be checked exactly, because most of his wealth is in shares he cannot sell without moving their price, and in private companies with no price at all. The useful question is what each one counts, which this page sets out.

    How big is the gap between them?

    On 6 September 2026 it was $40.5 billion: $948.5 billion on the Bloomberg Billionaires Index against $908 billion on Forbes.

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