News@lemmy.worldEnglish · 1 day ago

Billionaires at Trump’s swearing-in have since lost $209 billion

www.bloomberg.com

124

995

Billionaires at Trump’s swearing-in have since lost $209 billion

www.bloomberg.com

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 1 day ago

124

Bloomberg - Are you a robot?

www.bloomberg.com

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.

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19 hours ago
Unfortunately our own pensions and such are also getting wiped out by the same forces. And with less access to insider information.

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