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

  • @[email protected]English
    17•14 hours ago

    The Top 10 Richest Americans have a combined wealth total of $1,548 TRILLION.

    $209 billion is only 0.13% of the of Top 10.

    We need to get those numbers higher.

    • @[email protected]English
      8•14 hours ago

      That doesn’t stack up, Musk is the richest, currently worth $324Bn - they can’t be worth more than $3.24Tn combined.

      • @ezmac
        8•13 hours ago

        I think they replaced the period with a comma.

        • @[email protected]English
          4•5 hours ago

          The %s are all out of whack too, it’s more like 13%, which, while not enough, is a lot more than 0.13%.

        • @Dozzi92
          3•13 hours ago

          For sure, Google tells me there’s only 21.2T USD in circulation.