Although federal officials have long recognized improper spending as a problem, it is not the main reason for the program’s dire financial outlook

Monday, the chainsaw met his net worth, and when it was through slicing away through the stock market’s ugly fall … well, let’s be real, Elon still isn’t hurting. That said, he did lose an incredible amount of money, according to multiple reports.

Elon Musk is just a little bit less rich today. Wednesday finds Musk, the world’s richest man, with his pockets approximately $110.8 billion lighter than his peak net worth of $464 billion, recorded on December 17,

"The idea that we all now have to dig deep to help the richest man in the world who’s down to his last $324 billion sell cars is preposterous," he said.