• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
PoliticsElon Musk

Steve Bannon vows to demolish Elon Musk’s political influence in a mission he says is ‘personal’

Paolo Confino
By
Paolo Confino
Paolo Confino
Reporter
Down Arrow Button Icon
Paolo Confino
By
Paolo Confino
Paolo Confino
Reporter
Down Arrow Button Icon
January 13, 2025, 2:45 PM ET
Elon Musk
Elon MuskAl Drago/Bloomberg

President-elect Donald Trump’s former chief strategist Steve Bannon attacked Elon Musk and vowed to try and curb his influence over the incoming administration. 

Recommended Video

In an interview with the Italian newspaper Corriere della Sera, Bannon took aim at Musk’s views on the hotly debated H-1B immigration visa for highly skilled workers and the influence his companies exert over U.S politics. Bannon sprinkled in several personal barbs, alleging Musk had the “maturity of a little boy.” 

“He is a truly evil guy, a very bad guy,” Bannon said. “I made it my personal thing to take this guy down. Before, because he put money in, I was prepared to tolerate it; I’m not prepared to tolerate it anymore.” 

The theme of the interview was Bannon’s displeasure over Musk’s proximity to Trump and his White House staff. Bannon said he wanted to limit Musk’s access to the White House in a second Trump administration, vowing to do so by Inauguration Day. 

Bannon also questioned Musk’s presence in U.S. politics on the grounds that he was not born in the country. “He should go back to South Africa,” Bannon said. “Why do we have white South Africans, the most racist people on earth, making any comments at all on what goes on in the United States.” 

Bannon and Musk did not respond to requests for comment. Musk has denied accusations of racism in the past, including as recently as last week. On Friday in replying to an X post about anti-white racism, Musk wrote that “racism of any kind is unacceptable.” 

Bannon was once a key advisor to Trump, during the president’s first run in 2016. However, Bannon now finds himself outside the President-elect’s inner circle. Trump fired Bannon in 2017, in part because of Bannon’s outspoken nature. At the time, Bannon had given an interview contradicting Trump’s position on North Korea and insulting his trade advisors, which infuriated the then President. Shortly after, Trump tagged him with the nickname, “Sloppy Steve.” Bannon recently returned home from a stint in federal prison after being convicted of contempt of Congress for refusing to appear before the subcommittee investigating the Jan. 6, 2021 attack on the Capitol. 

In recent weeks, Bannon and Musk clashed over their differing views on H-1B visas, which opened a rift in conservative circles. On one side stood tech industry executives like Musk and Vivek Ramaswamy, who is also his partner on the external audit group known as the Department of Governmental Efficiency. They supported the visas on the grounds they help recruit global talent to American firms. Bannon was on the more isolationist side of the debate that argued such visas deprived American workers of opportunities because tech firms preferred to hire employees from abroad. 

Bannon accused Musk of wanting to use his political influence to benefit himself and his companies. Musk’s “sole objective is to become a trillionaire,” Bannon said. “His aggregation of wealth, and then—through wealth—power: that’s what he’s focused on.”

Musk is the wealthiest person in the world with an estimated net worth of $426 billion, according to Bloomberg. The majority of his net worth comes from his shares of Tesla, the electric vehicle company he led to unprecedented highs in the stock market. In December Musk’s net worth officially crossed $400 billion, making him the first person to reach that milestone. 


Bannon noted he was in favor of Musk using his vast financial resources to support political candidates and movements he supported. In the U.S., Musk donated roughly $277 million in support of Trump’s reelection. This month Musk shifted his focus to European politics, which Bannon also welcomed. 

However, in Bannon’s view, Musk only turned his attention to European politics because he wanted to “change the conversation” after the controversial debate about H-1B visas.  

“He just had a huge defeat here in America,” Bannon said. “He was adamant that the H-1B visas were central to the economic benefits of the United States. He went out of his way to mock our movement as racist and r——s, and he lost. We blew him out of the water. He won’t fight.”

On the question of H-1B visas, Trump ultimately sided with Musk and Ramaswamy over Bannon and his supporters. That in and of itself was a reversal for Trump, who had limited H-1B visas during his first term, much to the chagrin of corporate America. 

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
Paolo Confino
By Paolo ConfinoReporter

Paolo Confino is a former reporter on Fortune’s global news desk where he covers each day’s most important stories.

See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

placeholder alt text
Politics
Peter Thiel warns the Antichrist and apocalypse are linked to the ‘end of modernity’ currently happening—and cites Greta Thunberg as a driving example
By Nick LichtenbergFebruary 4, 2026
1 day ago
placeholder alt text
Success
After decades in the music industry, Pharrell Williams admits he never stops working: ‘If you do what you love everyday, you’ll get paid for free'
By Emma BurleighFebruary 3, 2026
2 days ago
placeholder alt text
Investing
Ray Dalio warns the world is ‘on the brink’ of a capital war of weaponizing money—and gold is the best way for people to protect themselves
By Sasha RogelbergFebruary 4, 2026
1 day ago
placeholder alt text
Investing
Tech stocks go into free fall as it dawns on traders that AI has the ability to cut revenues across the board
By Jim EdwardsFebruary 4, 2026
2 days ago
placeholder alt text
Economy
Trump may have shot himself in the foot at the Fed, as Powell could stay on while Miran resigns from White House post
By Eleanor PringleFebruary 4, 2026
1 day ago
placeholder alt text
Commentary
I've studied nonviolent resistance in war zones for 20 years and Minnesota reminds me of Colombia, the Philippines and Syria
By Oliver Kaplan and The ConversationFebruary 3, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Politics

arrow pointing down next to Bitcoin logo
CryptoCryptocurrency
Crypto market in free fall as Bitcoin plunges below $70,000 while shares of Coinbase and Circle tumble
By Carlos GarciaFebruary 5, 2026
7 hours ago
Vice President JD Vance looking at a crowd during a speech.
North AmericaU.S. economy
Metals are the new oil, JD Vance pitches to America: ‘There’s no realer thing than critical minerals’
By Tristan BoveFebruary 5, 2026
9 hours ago
desantis
CommentaryLeadership
Understanding corporate leaders’ muted Minnesota response: the example of Disney, Florida and conservative retaliation
By Alessandro Piazza and The ConversationFebruary 5, 2026
9 hours ago
Pam Bondi speaks at a podium.
LawCrime
Cartels turn to crypto in game of finance whack-a-mole with DOJ
By Alanna Durkin Richer and The Associated PressFebruary 5, 2026
9 hours ago
trump
EconomyTaxes
Trump is giving the U.S. economy a $65 billion tax-refund shot in the arm, mostly for higher-income people, BofA says
By Nick LichtenbergFebruary 5, 2026
11 hours ago
Texas A&M
LawEducation
Texas A&M professor who was fired for teaching gender studies sues on freedom of speech grounds
By Juan A. Lozano and The Associated PressFebruary 5, 2026
13 hours ago