Pakistan, March 5 -- Elon Musk's fortune has dropped by a staggering $111 billion, yet he remains the world's richest person. Despite a sharp decline in Tesla's stock price, Musk continues to surpass Bill Gates' entire net worth. His current wealth stands at $353.2 billion, according to Forbes' real-time estimates.

Tesla's stock has plummeted over 40% from its peak, largely due to economic uncertainty and new trade tariffs imposed by former President Donald Trump. The stock recently dipped below $280, nearing its lowest point since Election Day. The broader market also suffered, with the S&P 500 falling 1.7%.Musk's $1.5 billion loss in a single day highlights the impact of trade restrictions.

Tesla has been especially affected, with Chi...