Summary

Elon Musk’s net worth has dropped by $110.8 billion since its peak in December 2024, largely due to Tesla’s stock decline following Donald Trump’s new tariffs on Canada, Mexico, and China.

However, his close ties to Trump and influence over government contracts, including Starlink deals, may help him recover.

          • ArchRecord@lemm.eeEnglish
            1·
            22 hours ago

            Not if his net worth drops enough to the point that a few lawsuits can drain what’s left of his assets.

            If Alex Jones can be ordered to pay nearly a billion dollars from a lawsuit from a relatively small group of families, then I wouldn’t rule out the possibility of it happening to Musk. (Even if it is still tiny)

          • BigDanishGuy@sh.itjust.works
            3·
            1 day ago

            It’s literally impossible. The only way his account gets zeroed is with a bullet.

            Then it’s not impossible, just improbable.

          • Knock_Knock_Lemmy_In@lemmy.world
            1·
            1 day ago

            Impossible is a confident statement.

            Musk also borrows money. I think that it is entirely possible for his wealth not just reach 0, but to turn negative.