Elon Musk's Net Worth Plunged by $34B After Trump Feud. He's Still the World's Richest Person Though

Elon Musk's individual nett worthy took a immense deed pursuing his caller spat pinch President Donald Trump. 

The SpaceX and Tesla CEO's nett worthy plunged by $34 cardinal connected Thursday, June 5, according to Bloomberg, which went connected to statement that was nan second-largest nonaccomplishment successful nan history of nan Bloomberg Billionaires Index.

Musk’s nett worthy knowledgeable an moreover bigger nonaccomplishment successful his nett worthy successful November 2021, nan outlet reported.

Still, Musk remains nan richest personification connected nan satellite pinch an estimated full nett worthy of $342 cardinal arsenic of Sunday, June 8, according to their index. He is followed by Mark Zuckerberg pinch $246 billion; Jeff Bezos pinch $234 billion; Larry Ellison pinch $196 billion; and Bill Gates pinch $176 billion. 

The news comes arsenic tensions betwixt nan SpaceX CEO, 53, and nan president, 78, reached a fever pitch connected June 5 —  days aft Musk announced he was departing nan caller Department of Government Efficiency (DOGE).

Musk earlier blasted Trump's "Big Beautiful Bill" connected his societal media level X, describing it arsenic a “massive, outrageous, pork-filled Congressional spending bill” and “a disgusting abomination.”

In different X post, Musk further claimed nan legislation: "will massively summation nan already gigantic fund shortage to $2.5 trillion (!!!) and load America citizens pinch crushingly unsustainable debt."

Trump fired backmost astatine Musk successful a station shared connected Truth Social, saying “the easiest way” for nan U.S. authorities to prevention money is to "terminate Elon’s Governmental Subsidies and Contracts.”

Musk rebutted connected X soon after, writing: “In ray of nan President’s connection astir cancellation of my authorities contracts, @SpaceX will statesman decommissioning its Dragon spacecraft immediately.”

But a fewer hours later, Musk appeared to locomotion backmost his remark aft personification “Fab25june” suggested nan SpaceX leader “cool disconnected and return a measurement backmost for a mates of days.”

“Good advice,” Musk answered. “Ok, we won’t decommission Dragon.”

Last year, NASA announced SpaceX was fixed a $843 cardinal statement to thief deorbit nan International Space Station, which will spot nan extremity of its operational life successful 2030.

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Prior to his conflict pinch Trump, Musk’s nett worthy was astatine an all-time precocious nearing $500 cardinal aft Trump’s triumph successful nan statesmanlike predetermination past November, Bloomberg reported.

Additionally, amid nan feud, Tesla saw its shares driblet 14% connected June 5 to $284.70.