Billionaire Elon Musk's fortune decreased by $34 billion in one day due to a public conflict with US President Donald Trump.
This is reported by Bloomberg, reports UNN.
Details
$34 billion was wiped from Musk's capital, the second-largest loss in the history of the Bloomberg Billionaires Index, which includes the 500 richest people on the planet.
In addition, losses could increase significantly if Trump terminates Musk's government contracts and deprives Tesla and SpaceX of some of their revenue.
Details
The public conflict between Elon Musk and Donald Trump began immediately after the billionaire resigned as head of the Department of Government Efficiency (DOGE) in the presidential administration. And it escalated after Trump refused to nominate Jared Isaacman as head of NASA, a candidacy actively lobbied by the billionaire.
Musk then called the US budget project an "disgusting abomination" and called for it to be completely redone. Donald Trump has already signed a document called the "big beautiful bill". According to the American president, the businessman is irritated by the fact that the administration has canceled subsidies to the automotive industry.
Recall
Elon Musk announced the immediate decommissioning of SpaceX Dragon ships due to Trump's threats to cancel government contracts. This puts all NASA missions at risk.