{"id":173190,"date":"2025-06-07T15:38:48","date_gmt":"2025-06-07T15:38:48","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2025\/06\/07\/elon-musk-suffers-the-second-biggest-wealth-loss-in-human-history\/"},"modified":"2025-06-07T15:38:48","modified_gmt":"2025-06-07T15:38:48","slug":"elon-musk-suffers-the-second-biggest-wealth-loss-in-human-history","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2025\/06\/07\/elon-musk-suffers-the-second-biggest-wealth-loss-in-human-history\/","title":{"rendered":"Elon Musk Suffers The Second-Biggest Wealth Loss In Human History"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"has-dropcap\"><strong>Elon Musk<\/strong>&#8216;s ongoing <a href=\"https:\/\/www.vanityfair.com\/news\/story\/elon-musk-big-beautiful-bill-tesla\" target=\"_blank\" rel=\"noopener\">war of words<\/a> with President <strong>Donald Trump<\/strong> has hit him where it hurts. No, not his ego\u2014you can take a look at his Friday <a data-offer-url=\"https:\/\/x.com\/MarioNawfal\/status\/1931120397182787782\" class=\"external-link\" data-event-click=\"{&quot;element&quot;:&quot;ExternalLink&quot;,&quot;outgoingURL&quot;:&quot;https:\/\/x.com\/MarioNawfal\/status\/1931120397182787782&quot;}\" href=\"https:\/\/x.com\/MarioNawfal\/status\/1931120397182787782\" rel=\"nofollow noopener\" target=\"_blank\">night spent retweeting<\/a> fawning <a data-offer-url=\"https:\/\/x.com\/teslaownersSV\/status\/1931034556251164859\" class=\"external-link\" data-event-click=\"{&quot;element&quot;:&quot;ExternalLink&quot;,&quot;outgoingURL&quot;:&quot;https:\/\/x.com\/teslaownersSV\/status\/1931034556251164859&quot;}\" href=\"https:\/\/x.com\/teslaownersSV\/status\/1931034556251164859\" rel=\"nofollow noopener\" target=\"_blank\">remarks from supporters<\/a> to see that nothing&#8217;s changed, there. But the <a href=\"https:\/\/www.vanityfair.com\/style\/story\/elon-musk-ashley-st-clair-custody?\" target=\"_blank\" rel=\"noopener\">father of 14<\/a> (<a href=\"https:\/\/www.vanityfair.com\/news\/story\/elon-musks-children-ashley-st-clair?\" target=\"_blank\" rel=\"noopener\">that we know about<\/a>) took a major hit to <a href=\"https:\/\/www.vanityfair.com\/news\/story\/elon-trumpworld-inside-the-hive?\" target=\"_blank\" rel=\"noopener\">his money hoard<\/a> on Thursday, reportedly losing $34 billion of his personal fortune in a single day, marking the second-biggest personal wealth loss ever.<\/p>\n<p>It&#8217;s an upsetting reminder that even though we&#8217;re all been chuckling over <a href=\"https:\/\/www.vanityfair.com\/news\/story\/the-trump-v-musk-fight?\" target=\"_blank\" rel=\"noopener\">the he said\/he said of it all<\/a>\u2014is Trump shading Musk&#8217;s <a href=\"https:\/\/www.axios.com\/2024\/12\/26\/elon-musk-ozempic-mounjaro-weight-loss\" target=\"_blank\" rel=\"noopener\">admitted GLP-1 agonist use<\/a> with that \u201c<a href=\"https:\/\/www.bbc.com\/news\/articles\/clyr7v79q4yo\" target=\"_blank\" rel=\"noopener\">Elon was \u2018wearing thin<\/a>\u2019\u201d slam? Didn&#8217;t everybody <a href=\"https:\/\/www.vanityfair.com\/news\/story\/stacey-williams-and-the-donald-trump-jeffrey-epstein-story?\" target=\"_blank\" rel=\"noopener\">already know about<\/a> Trump&#8217;s <a href=\"https:\/\/www.vanityfair.com\/news\/2021\/01\/jeffrey-epstein-and-donald-trump-epic-bromance?\" target=\"_blank\" rel=\"noopener\">well-documented relationship<\/a> <a href=\"https:\/\/www.vanityfair.com\/news\/2019\/07\/how-trump-kept-tabs-on-jeffrey-epstein?\" target=\"_blank\" rel=\"noopener\">with convicted pedophile Jeffrey Epstein<\/a>?\u2014there&#8217;s a very real cost to the battle of the billionaires.<\/p>\n<p class=\"paywall\">Just kidding! It&#8217;s not upsetting at all (unless you&#8217;re one of those sycophantic tweeters, I suppose). The adaptation of \u201cThe Scorpion and the Frog\u201d we&#8217;ve been watching since Thursday (real life plot twist: the frog is also an asshole!) has erased a figure roughly equivalent to the GDP of Iceland from Musk&#8217;s personal holdings, <a data-offer-url=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-05\/elon-musk-net-worth-trump-feud-slams-tesla-slashes-34-billion-from-fortune\" class=\"external-link\" data-event-click=\"{&quot;element&quot;:&quot;ExternalLink&quot;,&quot;outgoingURL&quot;:&quot;https:\/\/www.bloomberg.com\/news\/articles\/2025-06-05\/elon-musk-net-worth-trump-feud-slams-tesla-slashes-34-billion-from-fortune&quot;}\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-05\/elon-musk-net-worth-trump-feud-slams-tesla-slashes-34-billion-from-fortune\" rel=\"nofollow noopener\" target=\"_blank\">Bloomberg reports<\/a>. And that number might be even worse for Elon Musk, reports the outlet, as that $34 billion figure \u201cdoesn\u2019t reflect any damage to the value of his private enterprises \u2014 an increasingly important source of his net worth.\u201d<\/p>\n<p class=\"paywall\">For example, the early Tesla investor is also the company&#8217;s CEO\u2026and I don&#8217;t know <a href=\"https:\/\/www.vanityfair.com\/news\/story\/elon-musk-cant-stop-teslas-bleeding?\" target=\"_blank\" rel=\"noopener\">if you&#8217;ve heard<\/a>, but the company has <a href=\"https:\/\/www.vanityfair.com\/style\/story\/tesla-boycott-mark-kelly-elon-musk?\" target=\"_blank\" rel=\"noopener\">been struggling lately<\/a>. Stock for the publicly owned electric vehicle company was down 14.3% on Thursday, <a data-offer-url=\"https:\/\/www.salon.com\/2025\/06\/06\/elon-musk-suffers-one-of-the-largest-wealth-losses-ever-as-feud-escalates\/\" class=\"external-link\" data-event-click=\"{&quot;element&quot;:&quot;ExternalLink&quot;,&quot;outgoingURL&quot;:&quot;https:\/\/www.salon.com\/2025\/06\/06\/elon-musk-suffers-one-of-the-largest-wealth-losses-ever-as-feud-escalates\/&quot;}\" href=\"https:\/\/www.salon.com\/2025\/06\/06\/elon-musk-suffers-one-of-the-largest-wealth-losses-ever-as-feud-escalates\/\" rel=\"nofollow noopener\" target=\"_blank\">reports Salon<\/a>, signaling a $150 billion loss in market value.<\/p>\n<figure class=\"AssetEmbedWrapper-eVDQiB byBkf asset-embed\">\n<div class=\"AssetEmbedAssetContainer-eJxoAx dBHGoQ asset-embed__asset-container\"><span class=\"SpanWrapper-umhxW lgCwTv responsive-asset AssetEmbedResponsiveAsset-cXBNxi lqMXz asset-embed__responsive-asset\"><picture class=\"ResponsiveImagePicture-cWuUZO dUOtEa AssetEmbedResponsiveAsset-cXBNxi lqMXz asset-embed__responsive-asset responsive-image\"><noscript><\/noscript><\/picture><\/span><\/div>\n<div class=\"CaptionWrapper-jSZdqE cmter caption AssetEmbedCaption-fNQBPI fmQnYP asset-embed__caption\" data-testid=\"caption-wrapper\"><span class=\"BaseWrap-sc-gjQpdd BaseText-ewhhUZ CaptionText-bHjzlu iUEiRd jSwmTa iXWezO caption__text\"><\/p>\n<p>CEO of Tesla and SpaceX Elon Musk leaves the stage holding a chainsaw after speaking at the Conservative Political Action Conference (CPAC) at the Gaylord National Resort Hotel and Convention Center on February 20, 2025 in Oxon Hill, Maryland.<\/p>\n<p><\/span><span class=\"BaseWrap-sc-gjQpdd BaseText-ewhhUZ CaptionCredit-ejegDm iUEiRd cvffOM fNaHcW caption__credit\">Andrew Harnik\/Getty Images<\/span><\/div>\n<\/figure>\n<p class=\"paywall\">Then there are the contracts Musk&#8217;s SpaceX and other companies have with the federal government. \u201cThe easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon\u2019s Governmental Subsidies and Contracts. I was always surprised that Biden didn\u2019t do it,\u201d Trump noted on social media Thursday\u2014even as <a href=\"https:\/\/www.vanityfair.com\/news\/story\/government-is-scrambling-to-rehire-workers-fired-by-doge?\" target=\"_blank\" rel=\"noopener\">news broke that<\/a> the federal government was hustling to rehire workers fired by the <a href=\"https:\/\/apnews.com\/article\/musk-chainsaw-trump-doge-6568e9e0cfc42ad6cdcfd58a409eb312\" target=\"_blank\" rel=\"noopener\">chainsaw-wielding<\/a> magnate-led DOGE.<\/p>\n<p class=\"paywall\">Ending that relationship would be harder than Trump&#8217;s post might suggest, as, <a data-offer-url=\"https:\/\/www.nytimes.com\/2025\/06\/06\/us\/politics\/trump-musk-spacex-contracts.html\" class=\"external-link\" data-event-click=\"{&quot;element&quot;:&quot;ExternalLink&quot;,&quot;outgoingURL&quot;:&quot;https:\/\/www.nytimes.com\/2025\/06\/06\/us\/politics\/trump-musk-spacex-contracts.html&quot;}\" href=\"https:\/\/www.nytimes.com\/2025\/06\/06\/us\/politics\/trump-musk-spacex-contracts.html\" rel=\"nofollow noopener\" target=\"_blank\">per <em>The New York Times<\/em><\/a>, NASA and the Pentagon are \u201cintensely reliant\u201d on SpaceX tech. But future contracts now seem less certain.<\/p>\n<p class=\"paywall\">The entire situation is a world away from November 2024, when Musk&#8217;s multi-million-dollar investment in Trump&#8217;s campaign for president (&#8220;Without me, Trump would have lost the election,&#8221; Musk <a data-offer-url=\"https:\/\/x.com\/elonmusk\/status\/1930667528696828120?s=46&amp;t=ypIr59182hwfK8LkO5rcaw\" class=\"external-link\" data-event-click=\"{&quot;element&quot;:&quot;ExternalLink&quot;,&quot;outgoingURL&quot;:&quot;https:\/\/x.com\/elonmusk\/status\/1930667528696828120?s=46&amp;t=ypIr59182hwfK8LkO5rcaw&quot;}\" href=\"https:\/\/x.com\/elonmusk\/status\/1930667528696828120?s=46&amp;t=ypIr59182hwfK8LkO5rcaw\" rel=\"nofollow noopener\" target=\"_blank\">tweeted Thursday<\/a>) seemed <a href=\"https:\/\/www.vanityfair.com\/news\/story\/elon-musk-who-stands-to-gain-billions-under-trump-is-of-course-gloating-about-the-election\" target=\"_blank\" rel=\"noopener\">ready to pay off big<\/a>. Musk <a href=\"https:\/\/www.vanityfair.com\/style\/story\/elon-musk-111-billion-poorer-tariffs-tesla-stock?\" target=\"_blank\" rel=\"noopener\">was worth $464 billion<\/a> on December 17, 2024, a notable bounce back from November 2021, when Musk suffered the <a data-offer-url=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-12-30\/elon-musk-becomes-first-person-ever-to-lose-200-billion?l\" class=\"external-link\" data-event-click=\"{&quot;element&quot;:&quot;ExternalLink&quot;,&quot;outgoingURL&quot;:&quot;https:\/\/www.bloomberg.com\/news\/articles\/2022-12-30\/elon-musk-becomes-first-person-ever-to-lose-200-billion?l&quot;}\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-12-30\/elon-musk-becomes-first-person-ever-to-lose-200-billion?l\" rel=\"nofollow noopener\" target=\"_blank\">world&#8217;s worst-ever personal wealth loss<\/a>.<\/p>\n<p class=\"paywall\">That&#8217;s right, Musk now occupies the #1 and #2 spots on the money loss leaderboard, with (as of Friday) his now-reduced fortune of $334.5 billion left to comfort him. He still has more money than anyone else on earth\u2014but, still, that&#8217;s got to hurt. If only there were a way to <a href=\"https:\/\/www.vanityfair.com\/news\/story\/elon-musk-stint-in-politics-reportedly-fueled-by-drugs?\" target=\"_blank\" rel=\"noopener\">ease that pain<\/a>.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.vanityfair.com\/style\/story\/elon-musk-loses-billions-donald-trump-fight\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk&#8216;s ongoing war of words with President Donald Trump has hit him where it hurts. No, not his ego\u2014you can take a look at his Friday night spent retweeting fawning remarks from supporters to see that nothing&#8217;s changed, there. But the father of 14 (that we know about) took a major hit to his [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":173191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54,3726,104,648,3759,5358,463,105],"class_list":{"0":"post-173190","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-celebrity","8":"tag-donald-trump","9":"tag-donaldtrump","10":"tag-elon-musk","11":"tag-maga","12":"tag-tech","13":"tag-technology","14":"tag-tesla","15":"tag-twitter"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/173190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=173190"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/173190\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/173191"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=173190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=173190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=173190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}