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.

      • ArchRecord@lemm.ee
        link
        fedilink
        English
        arrow-up
        1
        ·
        21 hours ago

        Not if his net worth drops enough to the point that a few lawsuits can drain what’s left of his assets.

        If Alex Jones can be ordered to pay nearly a billion dollars from a lawsuit from a relatively small group of families, then I wouldn’t rule out the possibility of it happening to Musk. (Even if it is still tiny)

      • BigDanishGuy@sh.itjust.works
        link
        fedilink
        arrow-up
        3
        ·
        1 day ago

        It’s literally impossible. The only way his account gets zeroed is with a bullet.

        Then it’s not impossible, just improbable.

      • Knock_Knock_Lemmy_In@lemmy.world
        link
        fedilink
        arrow-up
        1
        ·
        1 day ago

        Impossible is a confident statement.

        Musk also borrows money. I think that it is entirely possible for his wealth not just reach 0, but to turn negative.