Last year, the world's richest man, Elon Musk, lavished hundreds of millions of dollars on the presidential campaign of then-candidate Donald Trump, in a transparent effort to translate his vast wealth into personal political power. After Mr Trump returned to the White House, with Mr Musk in tow, it seemed that was indeed happening.
Mr Musk was such a regular fixture in the White House that there was even silly talk of a co-presidency. But now the billionaire is gone, unlikely to return to the Washington halls of power.
In truth, Mr Musk's tenure at the "Department of Government Efficiency" could have been better at its purported tax-cutting mission. Its goal, Mr Musk boasted in the lead-up to the election, was to save the federal government $2 trillion, though he later revised that figure to $1tn.
Yet despite pulling out chainsaws on stage and gloating over the mass sackings of eminent, respectable and dedicated public servants, not to mention the gutting of crucial public and human service programmes, he barely made a dent in the federal budget. The most charitable calculation of the actual “savings” incurred to date is around $175 billion, though Doge has published evidence purported to substantiate less than half of this.
Mr Musk seems especially proud of the de facto shuttering of the US Agency for International Development and the elimination of many of its key humanitarian programmes. Although Secretary of State Marco Rubio spent much of last week denying that anyone has died because of the elimination of these crucial programmes, some experts think that the only real question is only whether these deaths, in only a few weeks, must be counted in the thousands, tens of thousands, or hundreds of thousands.
Journalists and Democratic lawmakers have pointed out specific cases, such as individually named orphaned children in rural Africa who were depending for survival on HIV medicine that was suddenly yanked away by the world's richest man. They’re now verifiably and needlessly dead.
Despite pulling out chainsaws on stage and gloating over the mass sackings of public servants, Mr Musk barely made a dent in the federal budget
There are many other examples. But, as one Republican Senator, Joni Ernst, told constituents worried about their own health care last week: "Well, we are all going to die." That's as true of an impoverished African orphan as anyone else, from the point of view of a millionaire US senator or billionaire venture capitalist.
Apart from the decimation of programmes and mass dismissal of public servants, Mr Musk's tenure provided the public with a close look at his lifestyle. It is inspiring to those who think people ought to have more children. He has been energetically promoting large families, in both theory and in practice.
He has denied reports from The New York Times that he regularly consumed illegal drugs and amphetamines like Adderall. It might be unfair to speculate that as he was reshaping US government, Mr Musk was frequently in an altered state of consciousness. But we do know that Mr Musk and his crew had, with minimal oversight, access to the most sensitive data on not just public employees and the government, but taxpayers and the general public. The fate of this data is unknown.
An even more troubling reality is that his activities were unsupervised, unconfirmed and unvetted. He had no security clearance, or even a security clearance investigation. Mr Musk's Washington adventure illustrates exactly why the founders of the American republic insisted the Senate needed to confirm all senior appointees. This has become an increasingly marginalised procedure, but the wisdom of this check has been amply illustrated by the Musk-Trump transactional relationship.
While the two still praise each other, the actual chasm between them grows ever wider. Mr Musk has been increasingly vocal in condemning the "big, beautiful budget bill" that the Republican-dominated Senate is trying to pass at Mr Trump's behest. The billionaire says it is the antithesis of everything he was trying to do, since it may greatly increase the federal budget. He could never say any such thing if he were still connected to the White House.
Mr Trump increasingly had little time for his billionaire former buddy. You could see it coming from the very outset. The administration could not contain two alpha males, and Washington was never going to be big enough for both of them.
The only surprise is that Mr Musk lasted as long as he did. No one lasts too long in the spotlight next to Mr Trump.
Tips from the expert
Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.
- Sellers should focus on providing high-quality used goods at attractive prices to buyers.
- It’s important to use clear and appealing photos, with catchy titles and detailed descriptions to capture the attention of prospective buyers.
- Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
- Be creative and look around your home for valuable items that you no longer need but might be useful to others.
UAE currency: the story behind the money in your pockets
Who is Mohammed Al Halbousi?
The new speaker of Iraq’s parliament Mohammed Al Halbousi is the youngest person ever to serve in the role.
The 37-year-old was born in Al Garmah in Anbar and studied civil engineering in Baghdad before going into business. His development company Al Hadeed undertook reconstruction contracts rebuilding parts of Fallujah’s infrastructure.
He entered parliament in 2014 and served as a member of the human rights and finance committees until 2017. In August last year he was appointed governor of Anbar, a role in which he has struggled to secure funding to provide services in the war-damaged province and to secure the withdrawal of Shia militias. He relinquished the post when he was sworn in as a member of parliament on September 3.
He is a member of the Al Hal Sunni-based political party and the Sunni-led Coalition of Iraqi Forces, which is Iraq’s largest Sunni alliance with 37 seats from the May 12 election.
He maintains good relations with former Prime Minister Nouri Al Maliki’s State of Law Coaliton, Hadi Al Amiri’s Badr Organisation and Iranian officials.
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
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Tips to stay safe during hot weather
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