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Breaking overnight: The icy relationship between Elon Musk and former President Donald Trump has sent ripples through the market, with Tesla shares taking a significant hit. The fallout saw a staggering $150 billion wiped off the electric vehicle giant’s market capitalization.
The clash, however public and abrupt, has also directly impacted Musk’s personal fortune.
According to Forbes Real Time Billionaires List data, as of Thursday’s closing bell, the Tesla and SpaceX visionary remains the world’s wealthiest individual. His estimated net worth now hovers around $388 billion.
Despite the recent downturn, Musk’s wealth still dwarfs that of his closest rival, Mark Zuckerberg, whose net worth stands at $236.3 billion. President Trump, meanwhile, is estimated to have a net worth of $5.4 billion, placing him at number 689 on the Forbes list.
The cause of contention is not entirely clear, but Musk has been surprisingly vocal in his criticism, even hinting at the prospect of impeachment. “He wouldn’t have been there if it wasn’t for me,” Musk reportedly stated about Trump.
Following the public spat, reports indicate that Trump responded with a dismissive “no problem.” Trump advisors are scheduled to speak directly with the Tesla CEO about the matter on Friday.
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