Billionaires Who Were Present At Trump’s Inauguration Have Since Allegedly Lost $209 Billion as Markets Tumble — Report
The start of Donald Trump’s second term has triggered a sharp market downturn, wiping out billions from the fortunes of some of the world’s wealthiest individuals.
On Jan. 20, as Trump took the oath of office, billionaires like Elon Musk, Jeff Bezos, and Mark Zuckerberg stood among the distinguished guests, enjoying record-high valuations of their companies.
However, just seven weeks later, five of these billionaires have collectively lost $209 billion, according to the Bloomberg Billionaires Index.
Leading up to Trump’s inauguration, investor optimism sent markets soaring. The S&P 500 hit multiple record highs, with Tesla stock surging 98% after Trump’s re-election, LVMH gaining 7% in the week before Inauguration Day, and Meta Platforms jumping 9% before adding another 20% in Trump’s first month back in office.
However, expectations of continued gains have been shattered. Since Trump’s return, the S&P 500 has fallen 6.4%, with a sharp 2.7% drop on March 10 alone.
Analysts point to uncertainty over mass layoffs of government employees and Trump’s shifting stance on tariffs as key factors shaking investor confidence.
Companies tied to Trump’s high-profile inauguration guests have been among the hardest hit, losing a combined $1.39 trillion in market value since Jan. 17, the last trading day before the inauguration.
