Does Elon Musk had too much power?

I think Elon Musk is very powerful. He has 200 million users on X and he is the richest person in the world. But is all this power too much?

I think Elon Musk’s power is too much because he has been doing bad things with his money such as sending hateful comments and changing global designs.

This is why I think his power is too much: Elon Musk owns Tesla and Spacex and his net worth is 400 billion dollars and I think all this is too much my first example that supports my opinion is that he has been using his money to change people's opinions by everyday giving one person in America who voted for Trump a million dollars I don't agree with this because he is changing what people think about something and their whole opinions on the election for money.

My second example is that Elon Musk has a lot of money and he hasn't been doing good things with it and with the amount that he has it should be given to people who actually need it (the poor,homeless and charities). In January he used X to tell his followers his negative opinion about a refugee charity and ever since the workers have been sent hateful comments by his followers. He even tried to stop the war in Ukraine by suggesting that Ukraine should give a bit of land to Russia for peace.This sparked outrage to Ukrainian leaders. I think his money and social media influence made him where he is now. In conclusion, I think his power is too much because it is causing bad things not just to America but the whole world.