Trump's Billionaire Buddies Have Lost Over $200 Billion Since The Inauguration

Five of the billionaire oligarchs that attended Trump's inauguration have lost a collective $209 billion dollars since that day.

Elon Musk, Jeff Bezos, Mark Zuckerberg, Google co-founder Sergey Brin, and luxury goods conglomerate boss Bernard Arnault have collectively lost $209 billion in wealth according to the Bloomberg Billionaires Index. While stocks for these companies shot up post-election after realigning with the dark side, things have since taken a turn for the worse.

There are several factors that could have caused this loss in valuation:

Trump followed through on his threats to impose tariffs on Canada and Mexico. And then he didn't. But then he did, but he put them on hold. JK they're real and also 25% now, not 10%

Elon Musk is pissing off swaths of Americans by wildly implementing mass layoffs of government employees. Oh and his nazi saluting and backing of far-right politicians worldwide.

Trump has thrown away decades of US policy and has stupidly aligned the US with Russia in its conflict with Ukraine.

Regardless of the reason, the loss of value is apparent. The companies behind the inauguration attendees’ fortunes have been some of the biggest losers, dropping a combined $1.39 trillion in market value since Jan. 17, the last trading day before the inauguration.

Elon Musk (down $148 billion)

Musk's net worth peaked at $486 billion on Dec. 17, the largest fortune ever recorded on Bloomberg’s wealth index. Most of his gains came from Tesla, whose stock nearly doubled after the election. The stock has since lost ALL of those gains. Consumers in Europe have soured on Musk’s support for far-right politicians, with Tesla sales in Germany falling by more than 70% in the first two months of the year. Chinese shipments also fell by 49% last month, which hasn't even affected stock prices yet.

Jeff Bezos (down $29 billion)

Jeff Bezos and Amazon donated $1 million to Trump’s inauguration fund in December, and Bezos dined with the president last month, the same day that Bezos announced that his newspaper would prioritize personal liberties and free markets in its opinion section. Amazon shares have fallen 14% since Jan. 17.

Sergey Brin (down $22 billion)

Google co-founder Sergey Brinkissed the ring and bent the knee at a dinner at Mar-a-Lago in December. Alphabet Inc.’s shares tumbled more than 7% in early February after it missed quarterly revenue estimates.

Mark Zuckerberg (down $5 billion)

Zuckerberg, a lizard who's dream of becoming a real boy came true, initially saw Meta stock rise 19% from mid-January to mid-February. Since then, though, the stock has lost all those gains and is down 20% since its mid-December high.

Bernard Arnault (down $5 billion)

The family behind brands including Louis Vuitton and Bulgari, has been a friend of Trump’s for decades. After declining through most of 2024, LVMH jumped more than 20% from the election through late January. It’s since given up most of those gains. This is because of Trump has promised a 10% to 20% tariff on European luxury goods could depress sales, which have already been struggling.

Couldn't have happened to a more deserving group.