• 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. 

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
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
Fortune Secondary Logo
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
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • 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
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • 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

Latest in Politics

Navy tests Hormuz blockade as expert says U.S. military prepares for round 2 and could degrade Iran’s hold over the strait to a ‘manageable level’
PoliticsIran
Navy tests Hormuz blockade as expert says U.S. military prepares for round 2 and could degrade Iran’s hold over the strait to a ‘manageable level’
By Jason MaApril 11, 2026
3 hours ago
Pakistan sends military force to Saudi Arabia as part of pact
PoliticsMilitary
Pakistan sends military force to Saudi Arabia as part of pact
By Sara Gharaibeh and BloombergApril 11, 2026
5 hours ago
Three oil supertankers sail through the Strait of Hormuz
EnergyOil
Three oil supertankers sail through the Strait of Hormuz
By Julian Lee, Weilun Soon and BloombergApril 11, 2026
5 hours ago
Boeing’s moon rocket faces uncertain future under Trump’s NASA
PoliticsNASA
Boeing’s moon rocket faces uncertain future under Trump’s NASA
By Sana Pashankar and BloombergApril 11, 2026
5 hours ago
JD Vance begins talks with Iran in Pakistan while Trump claims U.S. has begun ‘clearing out’ the Strait of Hormuz
PoliticsIran
JD Vance begins talks with Iran in Pakistan while Trump claims U.S. has begun ‘clearing out’ the Strait of Hormuz
By Munir Ahmed, Sam Metz, E. Eduardo Castillo, Samy Magdy and The Associated PressApril 11, 2026
5 hours ago
U.S. Navy ships transit Hormuz ahead of mine-clearing mission
PoliticsIran
U.S. Navy ships transit Hormuz ahead of mine-clearing mission
By Angela Cullen and BloombergApril 11, 2026
5 hours ago

Most Popular

Scottie Scheffler joined Tiger Woods and Rory McIlroy in golf's $100M club—and donated his entire Ryder Cup stipend to charity
Success
Scottie Scheffler joined Tiger Woods and Rory McIlroy in golf's $100M club—and donated his entire Ryder Cup stipend to charity
By Fortune EditorsApril 10, 2026
1 day ago
The Navy confirmed an ‘abundant amount’ of Uncrustables when the Artemis II crew lands. Smucker’s just offered them a lifetime supply
Politics
The Navy confirmed an ‘abundant amount’ of Uncrustables when the Artemis II crew lands. Smucker’s just offered them a lifetime supply
By Fortune EditorsApril 10, 2026
22 hours ago
The 'affordability economy' has created a housing market nobody predicted: Prices collapsing in the Sun Belt, soaring in the Rust Belt
Real Estate
The 'affordability economy' has created a housing market nobody predicted: Prices collapsing in the Sun Belt, soaring in the Rust Belt
By Fortune EditorsApril 11, 2026
12 hours ago
Mark Cuban admits he made a mistake letting go of the Mavericks: 'I don't regret selling. I regret who I sold to'
Investing
Mark Cuban admits he made a mistake letting go of the Mavericks: 'I don't regret selling. I regret who I sold to'
By Fortune EditorsApril 9, 2026
2 days ago
Schools across America are quietly admitting that screens in classrooms made students worse off and are reversing years of tech-first policies
Innovation
Schools across America are quietly admitting that screens in classrooms made students worse off and are reversing years of tech-first policies
By Fortune EditorsApril 10, 2026
1 day ago
Warren Buffett says 'accumulating great amounts of money' doesn’t achieve greatness—He still lives in a $31,500 Nebraska home and clipped coupons
Success
Warren Buffett says 'accumulating great amounts of money' doesn’t achieve greatness—He still lives in a $31,500 Nebraska home and clipped coupons
By Fortune EditorsApril 11, 2026
9 hours 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.