Oh, well $27 billion less, huh? No big deal. Elon Musk is once again making headlines, but this time it’s not for launching rockets or unveiling tech breakthroughs. The ultra-billionaire CEO is in the spotlight after a very public feud with President Donald Trump that has coincided with a massive decline in his net worth.
This is funny on so many levels. However, the fact that Elon lost tens of billions and remains the richest person on the planet is something to behold.
According to Forbes, Musk’s fortune slid from $414.7 billion to $388 billion on Thursday, shaving off nearly $26.7 billion in a single day. The sharp dip primarily resulted from a 14 percent decline in Tesla stock, which fell $47 per share to $285 during what was otherwise a relatively calm day in the market.
That part.
This lil bitty fallout unfolded as Musk and Trump traded heated jabs online. The Tesla boss stirred controversy after claiming Trump owed his second term in office to Musk’s support, referencing the nearly $300 million he funneled into Republican campaigns during the last election cycle. Trump fired back, accusing Musk of having “Trump Derangement Syndrome.”
Oh, but Musk did not hold back, escalating the clash with a bombshell accusation involving the Epstein scandal. “Time to drop the really big bomb,” Musk posted on X, the social platform he owns. “[Trump] is in the Epstein files. That is the real reason they have not been made public.” He later added, “Mark this post for the future. The truth will come out.”
The falling out appears to have started after Musk left his advisory role in the Trump administration, where he led the Department of Government Efficiency. Following his departure, Musk criticized the Republican backed One Big Beautiful Bill, calling it a “massive, outrageous, pork filled Congressional spending bill” and labeling it a “disgusting abomination.”