{"id":9704,"date":"2025-06-06T09:05:11","date_gmt":"2025-06-06T09:05:11","guid":{"rendered":"https:\/\/ipp-news.com\/?p=9704"},"modified":"2025-06-06T09:05:11","modified_gmt":"2025-06-06T09:05:11","slug":"elon-musks-net-worth-drops-by-27b-after-feud-with-trump-report","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=9704","title":{"rendered":"Elon Musk&#8217;s net worth drops by $27b after feud with Trump: report"},"content":{"rendered":"<div>Elon Musk faced a significant financial setback on Thursday, losing approximately $27 billion from his net worth after a dramatic plunge in Tesla\u2019s stock, according to a report by the Wall Street Journal.<\/p>\n<p>Shares of Tesla (TSLA.O) dropped 14% overnight, erasing $150 billion in market value, following a public feud between Musk and Trump.<\/p>\n<p>Without me, Trump would have lost the election, Dems would control the House and the Republicans would be 51-49 in the Senate.<br \/>\n\u2014 Elon Musk (@elonmusk) June 5, 2025<\/p>\n<p>In the aftermath, Trump threatened to cut off government contracts to Musk\u2019s companies, escalating tensions between the two.<\/p>\n<p>False, this bill was never shown to me even once and was passed in the dead of night so fast that almost no one in Congress could even read it! https:\/\/t.co\/V4ztekqd4g<br \/>\n\u2014 Elon Musk (@elonmusk) June 5, 2025<\/p>\n<p>However, Tesla shares saw a slight rebound, bouncing 0.8% in after-hours trading.<\/p>\n<p>Read more: Musk accuses Trump of being named in Epstein files<\/p>\n<p>Despite the loss, Musk remains the world\u2019s richest individual, with an estimated net worth of $388 billion, according to the Forbes Real-Time Billionaires List.<\/p>\n<p>The Tesla and SpaceX CEO\u2019s wealth remains substantially ahead of the second-ranked Mark Zuckerberg, whose net worth stands at $236 billion.<\/p>\n<p>Meanwhile,\u00a0President Donald Trump, whose net worth is estimated at $5.4 billion, is at No. 689 on the Forbes ranking.<\/p>\n<p>Also read: Trump, Musk feud explodes with threats of cutting contracts, backing impeachment<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk faced a significant financial setback on Thursday, losing approximately $27 billion from his net worth after a dramatic plunge in Tesla\u2019s stock, according to a report by the Wall Street Journal. Shares of Tesla (TSLA.O) dropped 14% overnight, erasing $150 billion in market value, following a public feud between Musk and Trump. Without [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-9704","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/9704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9704"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/9704\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}