Elon Musk and Donald Trump: A Turbulent Chapter Closes
A Fateful Partnership Ends
In a twist of political drama worthy of a blockbuster movie, Elon Musk has officially wrapped his chapter in Donald Trump’s administration. The tech magnate, who spearheaded the Department of Government Efficiency—affectionately dubbed “DOGE”—recently announced that his tenure as a Special Government Employee has come to an end. Musk took to X (formerly Twitter) to express gratitude to Trump for the opportunity to streamline government spending, hinting at a future where efficient governance becomes “a way of life.”
However, the once-solid alliance between Musk and Trump has soured in spectacular fashion.
From Allies to Adversaries
Just days prior to Musk’s resignation, tensions flared over Trump’s latest legislative endeavor, the “One Big Beautiful Bill Act.” Musk launched a fierce critique, branding the ambitious proposal a “disgusting abomination” due to its predicted impact on the federal deficit, potentially ballooning it by a staggering $2.5 trillion over the next decade. What’s more, the proposed bill threatens to roll back electric vehicle subsidies—an issue that strikes at the core of Musk’s Tesla empire.
This growing rift has left many speculating about its ramifications not just for Musk’s political connections but also for his impressive fortune.
Musk’s Wealth Unveiled
Speaking of fortunes, let’s take a closer look at Musk’s financial stature. As of now, the enigmatic billionaire boasts a staggering net worth of $388 billion, securing his title as the richest person in the world despite a recent dip. Musk’s wealth peaked in December 2024, hitting $464 billion, which made him the first billionaire to cross the $400 billion threshold.
So, where does all that cash come from?
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Tesla Stakes: Musk controls a 12% stake in Tesla, which translates to approximately 412 million shares. However, he has pledged about 58% of these shares as collateral for personal loans totaling $3.5 billion.
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Space Exploration: As co-founder of SpaceX, holding 43% of a company now valued at $350 billion, Musk continues to reach for the stars—literally.
- The Boring Company and Beyond: While The Boring Company fetches around $5 billion, Musk is also at the helm of xAI, a venture recently valued at $50 billion.
The Billionaire Lineup
As the dust settles on this turbulent chapter, here’s how Musk stacks up against other ultra-wealthy titans:
- Elon Musk: $388 billion
- Mark Zuckerberg: $236 billion
- Jeff Bezos: $223 billion
- Larry Ellison: $210 billion
Though Musk’s professional life may currently be facing the kind of rollercoaster ride we see in Hollywood dramas, one thing remains clear: whether he’s courting controversy in Washington or launching rockets to the Moon, Elon Musk’s influence is undeniable.
Keep an eye on this charismatic entrepreneur—his next moves could be as groundbreaking as ever!
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