United States of America tech billionaire, Elon Musk’s net worth has plunged by a staggering $33.9 billion on Friday, amid an escalated feud with President Donald Trump.
Bloomberg reports that Musk’s net worth drop marked one of the most dramatic single-day losses in recent history.
The newspaper said Tesla’s stock plunged 14 percent, dragging Musk’s personal wealth down to an estimated $335 billion on June 6 from $368 billion, according to the Bloomberg Billionaire Index.
DAILY POST reports that since the start of 2025, Musk has now lost close to $98 billion, a 22.6 percent decline.
Recall that Musk was Trump’s strong ally in his second term administration, however, the duo fell apart over the former’s opposition to the latter’s ‘big, beautiful tax bill.’
In recent remarks while speaking with reporters in Washington, Trump had hinted at his disappointment at Musk’s disapproval of the bill.
In a swift reaction on his X account on Thursday, Musk said “such ingratitude,” claiming he made him become president.
The feud had further degenerated to Musk calling for Trump’s impeachment over claims that he was fingered in the late Jeffrey Epstein scandal.
Meanwhile, Trump had threatened to terminate multibillion-dollar government contracts to Musk and his firms.
