Tech billionaire Elon Musk has suffered one of the most dramatic single-day wealth losses in recent history, with his net worth plunging by $33.9 billion on Friday amid an escalating public feud with US President Donald Trump.
According to Bloomberg reports, Tesla's stock plummeted 14 percent, dragging Musk's personal fortune down to an estimated $335 billion from $368 billion, as tracked by the Bloomberg Billionaire Index.
BenriNews reports that this latest financial setback adds to Musk's mounting losses in 2025, with his wealth now down by approximately $98 billion since January—representing a 22.6 percent decline in his overall fortune.
From Allies to Adversaries
The relationship between Musk and Trump has deteriorated rapidly in recent weeks. Once a strong ally in Trump's second-term administration, Musk publicly opposed what the President has dubbed his "big, beautiful tax bill," creating a rift between the two powerful figures.
Speaking to reporters in Washington, Trump expressed disappointment over Musk's disapproval of the proposed legislation. The tech entrepreneur responded swiftly on his X platform Thursday, writing "such ingratitude" and claiming credit for Trump's electoral success with the statement that he "made him become president."
The dispute has since intensified, with Musk calling for Trump's impeachment over alleged connections to the late Jeffrey Epstein scandal. In retaliation, Trump has threatened to terminate multibillion-dollar government contracts with Musk's companies.
This public fallout between two of America's most influential figures has sent shockwaves through financial markets, with Tesla shareholders bearing the immediate economic impact of the confrontation.
Despite the significant loss, Musk remains one of the world's wealthiest individuals with his current net worth of $335 billion.
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