Tesla CEO Elon Musk’s net worth plunged by $34 billion during his and President Donald Trump’s verbal rift on Thursday.

The significant drop brought his net worth down to $334.5 billion late on Thursday, according to Bloomberg , which tracks the personal fortunes of the world’s richest people through its Bloomberg Billionaires Index.

It marked the second-biggest drop that Bloomberg has ever seen with its index.

Musk’s net worth comes from his stake in Tesla, SpaceX and his other business ventures, according to Bloomberg. Ticker Security Last Change Change % TSLA TESLA INC. 301.80 +17.10 +6.01%

Shares of Tesla, the electric vehicle company that he helms, dropped 14% on Thursday amid the billionaire and president jabbing at each other on their social media platforms, X and

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