This work deals with the power of linear algebra in the context of multilinear computation. By linear algebra we mean algebraic branching programs (ABPs) which are known to be computationally equivalent to two basic tools in linear algebra: iterated matrix multiplication and the determinant. We compare the computational power of multilinear ABPs to that of multilinear arithmetic formulas, and prove a tight super-polynomial separation between the two models. Specifically, we describe an explicit n-variate polynomial F that is computed by a linear-size multilinear ABP but every multilinear formula computing F must be of size n(logn).