Elon Musk’s $150 Billion Wealth Plunge: Fallout from Feud with Donald Trump
Elon Musk has seen a dramatic decline in his personal net worth—losing approximately $150 billion since his high-profile fallout with former U.S. President Donald Trump, according to data reported by Bloomberg.
From Peak to Plunge
On December 17, 2024, Musk’s net worth soared to an all-time high of $486 billion, bolstered by strong performance from Tesla, SpaceX, and a booming interest in AI and cryptocurrency. However, as of now, his wealth has dropped to $335 billion, marking one of the steepest wealth losses in recent memory for any individual.
This sharp decline follows the sudden collapse of Musk’s short-lived alliance with Trump and his administration. Musk had been tapped to lead the Department of Government Efficiency (DOGE)—a controversial initiative he claimed would save U.S. taxpayers $2 trillion through leaner federal operations.
Fallout from the Trump-Musk Split
Despite initial enthusiasm, Musk’s relationship with the Trump administration quickly soured. Frustrated by a lack of tangible results and growing political disagreements, Trump distanced himself from the DOGE initiative, and Musk abruptly resigned from his position earlier this week.
This very public split came amid broader criticism from Musk, who denounced Trump’s proposed $2.4 trillion “One Big Beautiful Bill” as excessive and bloated. Musk labeled it “massive, outrageous, and pork-filled,” urging Congress to vote against it.
The feud has also turned increasingly personal. In a now-viral social media post, Musk implied that Trump may have had inappropriate associations with convicted sex offender Jeffrey Epstein—comments that ignited a political firestorm and likely worsened investor sentiment around Musk-related companies.
Ripple Effects on Musk-Backed Assets
The impact of Musk’s political fallout hasn’t been limited to his reputation. DOGE—the meme-based cryptocurrency long championed by Musk—has seen a 75% drop from its December 2024 peak. Investor confidence appears shaken, with fears that Musk’s influence and political capital may have diminished significantly.
Meanwhile, Tesla and SpaceX, the two largest contributors to Musk’s net worth, have both seen share price volatility in recent weeks. Other Musk-led ventures—including xAI, X (formerly Twitter), Neuralink, and The Boring Company—also experienced valuation pressures, further contributing to his net worth decline.
Calculating the Losses
According to Bloomberg, Musk’s current net worth of $335 billion reflects conservative estimates, including a 5% illiquidity discount for private companies and a 15% price impact discount for the hypothetical sale of large equity blocks.
That said, net worth estimates vary. Forbes, for example, estimates Musk’s current wealth at $398 billion, citing different valuation methods for private companies and alternative assumptions about his undisclosed assets.
Musk's true net worth could also include real estate, previous stock sale proceeds, cryptocurrency holdings, or other private investments not captured in traditional models.
Conclusion
While Elon Musk remains one of the wealthiest individuals in the world, the $150 billion drop in his net worth underscores how quickly fortunes can change—even for tech titans. The collapse of his partnership with Donald Trump has had deep financial and reputational repercussions, raising questions about his future role in U.S. politics, crypto markets, and the tech industry at large.
As tensions continue to rise and markets react, the world is watching closely to see how Musk rebounds—or whether this marks the beginning of a new chapter in his volatile, high-stakes career.
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