Billionaires at Trump’s Swearing-In Have Since Lost $209 Billion
www.bloomberg.com
As Donald Trump took the oath of office on Jan. 20, he was flanked by some of the world’s wealthiest people. The billionaires present that day — including Elon Musk, Jeff Bezos and Mark Zuckerberg — had never been richer, flush with big gains from frothy stock markets.

Summary

Since Trump’s second-term inauguration, five top billionaires have lost a combined $209 billion as markets react to policy uncertainty.

  • Elon Musk’s net worth plunged $148 billion as Tesla shares collapsed amid declining European and Chinese sales.

  • Jeff Bezos lost $29 billion as Amazon stock fell 14%.

  • Sergey Brin’s fortune dropped $22 billion following Alphabet’s weak earnings and regulatory pressure.

  • Mark Zuckerberg and Bernard Arnault each lost $5 billion as Meta and LVMH stocks tumbled.

The S&P 500 is down 6.4%, reversing gains seen post-election.

Non-paywall link

  • KeenFlame
    2·
    5 hours ago

    When someone has this much money, it doesn’t matter if they buy the presidency, buy the media, buy the means to live, buy people’s rights… It doesn’t matter. They will never get the respect and love they desperately seek like all humans do. They will never love themselves until they understand that their wealth isn’t earned and they aren’t special. We don’t consider ourselves better than anyone as a human and then not get depressed and lonely. It’s not difficult for us to accept kinship with all humans, but almost impossible for them.