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]
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      2523 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]
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        7 hours ago

        You seem to have forgotten to multiply by 100 after you divided 209 by 1,548.

        209 is 13.5% of 1,548, not 0.13%.

        Edit: It is a bit disturbing how many people upvote things without making even the most basic sanity check.

    • @[email protected]
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      171 day ago

      It’s a relatively small price to pay for the power they gained, and most of the losses are elons anyway