The Trump family and Musk are both prime examples of why you shouldn't pass on excessive wealth to your children. Your kids or grandkids will grow up to be complete idiots, or at least, they have a higher chance of it.
Don't attribute to stupidity what can be attributed to malice.
Trump is an idiot. Musk is evil. Musk didn't buy Xitter to make it better, despite his claim of being capable of making it more profitable. He bought it using a shitload of Saudi oil money in order to destroy one of the largest platforms for leftist voices in the western world. This wasn't just him blustering into a 25 billion dollar loss on Xitter. What Musk does is very intentional.
He trashed the reputation he gained amongst well educated millenials to look good in the eyes of the same people who voted for Trump.
What's more important as a billionaire narcissist? Constantly having to navigate your support base, a support base you inherently disagree with, or developing one that will support you no matter what you do?
Yes, but his business model's primary target is well educated millennials. I know I'm not the only one who went from thinking of getting a Tesla as my next car to looking at what competitors have.