• 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'.

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.

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?"

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

  • Trump says he hopes Renee Good’s father is still a ‘fan’ of his as he speaks out on fatal ICE shooting
  • Elon Musk speaks out after concerning emails to Epstein released in new files
  • Donald Trump gives extremely telling response when asked about his relationship with Elon Musk
  • Woman scammed out of hundreds of thousands of dollars after believing she was 'talking daily' to Elon Musk

Choose your content:

19 mins ago
an hour ago
2 hours ago
14 hours ago
  • Department of Justice
    19 mins ago

    Director of Melania's new movie seen holding mysterious woman next to Epstein in latest files release

    Brett Ratner has made a return to Hollywood with Melania Trump's new documentary

    News
  • Salt Lake County Sheriff's Office
    an hour ago

    Elderly man accused of falsely claiming he’d shot Charlie Kirk sentenced to three prison terms

    George Zinn caused a scene at Utah Valley University when he insisted he was Kirk's assassin

    News
  • Getty Images/Warner Bros. TV
    2 hours ago

    Snoop Dogg's daughter announces tragic death of his 10-month-old granddaughter

    Cori Broadus, the rapper's daughter, confirmed that her daughter had died in a heartbreaking post to social media

    Celebrity
  • Cherokee Sheriff's Office
    14 hours ago

    Assistant principal arrested after allegedly using shocking method at Walmart self-checkout to steal 98 items

    The 98 items were reportedly worth around $1,000

    News