Since Election Night, Elon Musk performed a pivotal position in Donald Trump‘s bid for a 2d time period, considerably influencing the management via his management of the Department of Government Efficiency (DOGE). On May 28, 2025, Musk published that his time with the Trump management has come to an finish. On X, he wrote, “As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending.” He endured, “The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.”
However, their alliance has dramatically unraveled in contemporary days, culminating in a extremely publicized feud. The rift between Musk and Trump turned into glaring following Musk’s sharp complaint of the “One Big Beautiful Bill Act,” a vital legislative initiative via the Trump management. Musk classified the invoice a “disgusting abomination,” bringing up considerations over its attainable to extend the federal deficit via $2.5 trillion over the following decade. He additionally highlighted the invoice’s rollback of electrical automobile subsidies, which immediately impacted Tesla’s pursuits.
Amid the exchange of their dynamic and the following affect on Musk’s monetary status, be informed extra about Musk’s web value and different main points under.
What Is Musk’s Net Worth?
Musk lately has an estimated web value of $388 billion, consistent with Forbes’ Real-Time Billionaires List on the time of e-newsletter. Despite a up to date decline, he stays the sector’s richest individual.
Musk’s wealth peaked at $464 billion on December 17, 2024, making him the primary person to surpass the $400 billion mark.
How Did Musk Make His Money?
A good portion of Musk’s web value comes from his 12% stake in Tesla, which represents roughly 412 million stocks. He has pledged 58% of his Tesla stocks as collateral for private loans totaling $3.5 billion. In 2022, Musk offered $40 billion value of Tesla inventory to assist fund his $44 billion acquisition of Twitter, which he later rebranded as X. Although Musk nonetheless owns more or less 79% of the corporate at that unique valuation, Twitter’s value has dropped via just about 70% as of August 2024.
Musk could also be the co-founder of SpaceX and The Boring Company and serves as chairman of SolarCity. He owns 43% of SpaceX, which used to be valued at $180 billion in its most up-to-date investment spherical and is now estimated at $350 billion. The Boring Company, by contrast, used to be valued at round $5 billion in its newest spherical.
Additionally, Musk owns about 54% of xAI, the bogus intelligence corporate he based in 2023. The startup used to be valued at $50 billion as of remaining month, consistent with the Wall Street Journal.
Who Are the Richest People within the World?
As of nowadays, the richest folks on the planet consistent with Forbes’ Real-Time Billionaires List are:
- Elon Musk – $388 billion
- Mark Zuckerberg– $236 billion
- Jeff Bezos – $223 billion
- Larry Ellison – $210 billion
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