• News
  • Film and TV
  • Music
  • Tech
  • Features
  • Celebrity
  • Politics
  • Weird
  • Community
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
Elon Musk speaks out after losing $113,000,000,000 of his fortune since joining Trump administration

Home> News> US News

Published 13:23 11 Jun 2025 GMT+1

Elon Musk speaks out after losing $113,000,000,000 of his fortune since joining Trump administration

Musk made it very clear what he thinks

Callum Jones

Callum Jones

Elon Musk has spoke out after shaving off a whopping $113 billion of his fortune since joining forces with Donald Trump in his administration back in January.

Musk was a huge part of the POTUS' election campaign, with the Tesla founder even claiming Trump wouldn't have beat Kamala Harris to the White House had he not been involved.

Trump recruited the SpaceX founder to help lead the Department of Government Efficiency (DOGE), which was tasked with slashing unnecessary government spending.

Musk remained in the role up until very recently, but things have since turned sour between the president and the billionaire.

Advert

The pair's feud seemingly stems from differing views over Trump's 'Big Beautiful Bill', with Musk dubbing it an 'abomination' and accusing the proposed legislation of undoing all the work he did at DOGE.

Elon Musk has lost billions (Kevin Dietsch/Getty Images)
Elon Musk has lost billions (Kevin Dietsch/Getty Images)

Dismissing that suggestion, Trump said he was 'disappointed' in the tech mogul and insisted that Musk knew the ins-and-outs of the bill before his departure from government.

Musk later took to Twitter alleging that the president is named in the Jeffrey Epstein files in since-deleted tweets, with the White House hitting back once more stating it's an 'unfortunate episode from Elon'.

Advert

But while Musk was on better terms with his former pal and hard at work within the Trump administration, the billionaire was reported to have lost a whopping $113 billion, according to the Bloomberg Billionaires Index.

Expert Elaine Kamarck told the outlet: "This is 100 days of destruction. DOGE is cutting into muscle, not fat. Elon Musk is taking a lot of the heat for Trump’s decisions, and people have decided to hate Musk more than Trump."

Musk responded to a screenshot of the Bloomberg report as one Twitter user, under the name 'JD Vance News', shared it on the social media platform.

"Worth it," Musk instantly responded.

Advert

After Musk and Trump's feud seemingly reached new heights last week, the president spoke to the New York Post on Friday (June 6) and issued a blunt five-word response to all the noise.

Elon Musk and Donald Trump have had a bitter feud (Kevin Dietsch/Getty Images)
Elon Musk and Donald Trump have had a bitter feud (Kevin Dietsch/Getty Images)

"Nothing catches me by surprise." Trump told the outlet.

He added: "The numbers are through the roof, the stock market is up, billions are pouring in from tariffs, and my poll numbers are the highest they’ve ever been. Other than that, what can I tell you, right?"

Advert

After the best buddies had a falling out, the White House was also quick to provide a response on the matter.

Speaking to CNN, White House Press Secretary Karoline Leavitt said: "This is an unfortunate episode from Elon, who is unhappy with the One Big Beautiful Bill because it does not include the policies he wanted.

"The president is focused on passing this historic piece of legislation and making our country great again."

Featured Image Credit: Getty Images/Kevin Dietsch

Topics: Elon Musk, Donald Trump, Politics, US News

Callum Jones
Callum Jones

Advert

Advert

Advert

  • Elon Musk has sharp response after Trump calls his own followers ‘stupid Republicans’ for believing in Epstein ‘hoax’
  • Trump administration officially release FBI files on Martin Luther King Jr despite family objection
  • Trump has blunt reaction to Epstein questions in first public appearance since chronic vein condition was revealed
  • Donald Trump gives extremely telling response when asked about his relationship with Elon Musk

Choose your content:

Just now
an hour ago
2 hours ago
  • Just now

    Concerns over nuclear power plant as huge tsunami warnings issued across the world following massive earthquake

    4,000 employees at the power plant have been forced to evacuate

    News
  • an hour ago

    Terrifying warning people on cruise ships heard as tsunami threatens to hit world after sixth-strongest earthquake

    One cruise passenger has described the alert she got on her phone after the earthquake struck in Russia

    News
  • an hour ago

    Cruise ship passenger points out eerie detail on board that's unlocking ‘pure terror’ among people

    The realization has people striking cruise breaks off their bucket lists

    News
  • 2 hours ago

    Trump goes on furious rant about why Stephen Colbert was ‘fired’ after host cursed him out during show

    The President hasn't held back when it comes to sharing his feelings about Stephen Colbert

    News