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Newsom rips Elon Musk’s trillion-dollar rise as average Americans struggle — but critics call out his own $30M fortune
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Newsom rips Elon Musk’s trillion-dollar rise as average Americans struggle — but critics call out his own $30M fortune

Yahoo Finance · Jun 17, 2026, 11:15 AM · Also reported by 1 other source

Key takeaways

  • Governor of California Gavin Newsom is sounding the alarm on America’s growing wealth divide after Elon Musk crossed into trillionaire territory.
  • “Americans are struggling to pay for groceries and gas while Elon Musk becomes a TRILLIONAIRE,” Newsom wrote on X (1). “When the federal government is for sale, the rich get richer and everyone else gets shafted.
  • The ultra-rich use these 5 real estate strategies to build wealth while they sleep — you can start with just $100

Newsom rips Elon Musk’s trillion-dollar rise as average Americans struggle — but critics call out his own $30M fortune Jing Pan Wed, June 17, 2026 at 6:15 PM GMT+7 11 min read Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.

Governor of California Gavin Newsom is sounding the alarm on America’s growing wealth divide after Elon Musk crossed into trillionaire territory.

“Americans are struggling to pay for groceries and gas while Elon Musk becomes a TRILLIONAIRE,” Newsom wrote on X (1). “When the federal government is for sale, the rich get richer and everyone else gets shafted. The system is rigged.”

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