politics @lemmy.worldEnglish · 2 days ago

Elon Musk is now $111 billion poorer, thanks to his best bro Donald Trump’s tariffs

www.vanityfair.com

656

Elon Musk is now $111 billion poorer, thanks to his best bro Donald Trump’s tariffs

www.vanityfair.com

MicroWave@lemmy.world to

politics @lemmy.worldEnglish · 2 days ago

Elon Musk Is Now $111 Billion Poorer, Thanks To His Best Bro Donald Trump’s Tariffs

www.vanityfair.com

It’s essentially pocket change to the world’s richest man.

Summary

Elon Musk’s net worth has dropped by $110.8 billion since its peak in December 2024, largely due to Tesla’s stock decline following Donald Trump’s new tariffs on Canada, Mexico, and China.

However, his close ties to Trump and influence over government contracts, including Starlink deals, may help him recover.

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2 days ago
He pretty literally holds the purse of the federal government, so I’m not sure 111 Billion matters much any more.

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