Musk’s shrinking fortune is largely tied to Tesla’s stock, which has plunged about 36% since the start of the year as the company struggles with slowing sales. Roughly 60% of Musk’s wealth comes from Tesla shares and options. The rest of his wealth comes from his other ventures. His net worth skyrocketed when SpaceX hit a $350 billion valuation, making it the world’s most valuable startup. Meanwhile, xAI, his artificial intelligence startup, raised $6 billion in funding, pushing its valuation to $50 billion.
It should make it harder for him to influence politics globally as well. People seem to think they have to listen when the world’s richest man speaks, but the world’s 20th richest one doesn’t have that sway. Also seeing his net worth plummet should make other would-be emperors less inclined to throw their lot in with him.
This bozo accomplished to actually lose billions by being an immature 4chan troll in public. He might not be a zsh wizard. but he sure is a comedic genius. You can’t make this shit up folks.