Stephen Colbert comforts Elon Musk after losing $100 billion: ‘You are not alone in these tough economic times!’

Stephen Colbert comforted Elon Musk after the Twitter boss’s fortune surpassed $100 billion this year.

“After a series of very public setbacks, Elon Musk’s net worth will surpass $100 billion in 2022,” Colbert announced on Thursday night’s (November 24) episode The Late Show.

“Listen Elon. I know it’s no fun tightening your belt, but in these tough economic times you are not alone! OK?” Colbert joked. “We all need to send fewer cars into space.”

Musk holds the title for the richest person in the world.

His fortune had grown from $25 billion to nearly $200 billion in less than a year. But a recent Bloomberg report says Musk has lost $100 billion this year after Tesla shares plummeted to their lowest levels.

Aside from Twitter, the billionaire is best known as the head of electric car maker Tesla and private rocket company SpaceX.

He also runs brain-tech startup Neuralink and The Boring Company, which aims to “solve” urban traffic by digging networks of tunnels.

Before all of these ventures, Musk rose to prominence in Silicon Valley as the co-founder of the online payments platform, which later became PayPal.

Each new project was funded at least in part from funds from previous business successes, with each new effort from Musk becoming even more ambitious.

(NTB/AFP via Getty Images)

Since buying Twitter, Musk has engaged in a series of controversial social media antics while downsizing within the organization.

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Most recently, ahead of the holidays, he laid off half of Twitter’s staff and restored the Twitter accounts of controversial figures like Kanye West and Donald Trump.

He also recently appeared to mock anti-racism initiatives by Twitter’s own employees.

Musk appeared to laugh at t-shirts made by Twitter’s internal business group for black employees, and also criticized Black Lives Matter protesters.

He said the shirts came from the protests in Ferguson, Missouri, and that those protests were misguided.

“‘Hands up, don’t shoot’ was made up,” he said. “The whole thing was fiction.”

He then deleted that post and instead simply shared a link to the Justice Department’s report on the death of Michael Brown that sparked these protests. Stephen Colbert comforts Elon Musk after losing $100 billion: ‘You are not alone in these tough economic times!’


JOE HERNANDEZ is a USTimeToday U.S. News Reporter based in London. His focus is on U.S. politics and the environment. He has covered climate change extensively, as well as healthcare and crime. JOE HERNANDEZ joined USTimeToday in 2022 from the Daily Express and previously worked for Chemist and Druggist and the Jewish Chronicle. He is a graduate of Cambridge University. Languages: English. You can get in touch with me by emailing

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