Elon Musk's net worth has taken a hit during the first 100 days of Donald Trump's second presidency, with the billionaire's fortune shrinking as he led the Department of Government Efficiency to cut federal departments and agencies.Though Musk has kept a lower public profile with DOGE in recent days, he appeared at a White House Cabinet meeting on Wednesday.Here's how his net worth has changed— and what it could mean for his future influence.Elon Musk's Net Worth: What We KnowElon Musk's net worth has fallen since President Trump returned to office.Forbes' real-time billionaires list puts Musk at $383.6 billion as of April 30, 2025. The Bloomberg Billionaires Index, a daily ranking of the world's richest, puts the Tesla CEO at $335 billion.According to Fortune, his net worth has fallen by approximately $113 billion since Trump returned to office. That's a 25 percent drop.The downturn is closely tied to Tesla's sliding stock value, which has declined this year amid rising competition in the electric vehicle market. For some, Musk's close ties to Trump have led to scrutiny of the automotive company. Several Tesla vehicles were set on fire last month, both inside and outside the United States.Musk owns about 12 percent of Tesla, according to multiple sources.As Newsweek previously reported, Tesla lost more than a third of its value in its first quarter, but the stock appears to have improved last week.Meanwhile, other Musk-led ventures, like SpaceX and X (formerly Twitter), have experienced some slowdowns in growth.Is Elon Musk Leaving DOGE?Trump established DOGE via an executive order the day he reentered the White House.The department is aimed at cutting wasteful government spending and has been spearheaded by Musk, who was granted special government employee status. Musk originally aimed to cut government spending by up to $2 trillion per year.In addition to dismantling the United States Agency for International Development, over 200,000 federal workers have been laid off since Trump began his second term, according to the Office of Personnel Management (OPM).Musk has indicated that he will be shifting his priorities at DOGE. At a meeting with Tesla investors, he said he would be spending more time with the company."I think starting probably next month, May, my time allocation to DOGE will drop significantly," he said in April.His role at the White House remains unclear. On April 27, Musk shared a post on X from investor Mario Nawfal that said: "ELON ISN'T LEAVING DOGE - HE'S SHIFTING TO STRATEGIC MANAGEMENT."