Elon Musk’s net worth plunges after recent fallout with Trump
(CNN) – Elon Musk’s net worth took a big hit from his recent fallout with President Donald Trump.
According to Bloomberg’s Billionaire Index, Musk’s net worth was close to $500 billion after Trump was elected to the White House.
As of Sunday, it had plunged to $342 billion.
The feud between Musk and Trump blew up last week after Musk departed the White House Department of Government Efficiency.
On social media, Musk called out Trump’s “big beautiful bill” as “massive, outrageous, and pork-filled” as well as “a disgusting abomination.”
Trump fired back at Musk on social media, saying the U.S. government could easily save money by terminating “Elon’s governmental subsidies and contracts.”
Despite his net worth decreasing, Musk is still the world’s wealthiest person. Mark Zuckerberg is the second with $246 billion, followed by Jeff Bezos with $234 billion.
Copyright 2025 CNN Newsource. All rights reserved.
