When Donald Trump was sworn in as the President of the United States on 20 January, he was surrounded by some of the most rich individuals in the world. In appearance, billionaires – including Elon Musk, Jeff Bezos and Mark Zuckerberg – were on their extreme wealth, which benefited from a strong stock market performance.
However, after seven weeks, the circumstances have moved dramatically. The beginning of Trump’s second term has led to significant financial failures for five billionaires, which were present in Capital Rotunda, with a fall of $ 209 billion with their joint funds, as reported by the Bloomberg Billionaires Index.
The interval between Trump’s choice and opening proved to be beneficial for the world’s wealthiest, with the S&P 500 index to several record heights. Under Trump, the possibility of trade -friendly policies, investors were designed for equity and crypto markets.
S&P500 benchmark index
Musk’s Tesla Inc. experienced the election after an increase of 98%, achieving a record high. Arnault’s LVMH increased 7% in the week before the opening day, leading to an increase of $ 12 billion in the French businessman’s assets. Despite banning Trump in 2021, Zuckerberg’s meta platform Inc. received an additional 20% before the new term and 20% in the office during its first four weeks.
The stock market is the owner of money
However, under Trump’s new term, hopes of continuous market growth have been disrupted. The S&P500 has declined by 6.4% since his inauguration, with uncertainty about tariffs affecting government employees excesses and equity, on Monday with a decline of 2.7%.
Later a wipeout of the money
The opening corporations have experienced adequate losses, with their joint market price to $ 1.39 trillion, the last trading day before the inauguration. Here is an exam of these fate:
Elon Musk ($ 148 billion below)
On December 17, 53 -year -old Tesla CEO Elon Musk reached a record $ 486 billion to his net worth, which was recorded on Bloomberg’s Wealth Index. His growth of money was largely inspired by Tesla’s stock, which was almost double after the election. However, Tesla has since lost all the benefits in which European consumer has gone away due to musk political affiliation. In Germany, Tesla sales exceeded 70% in early 2024, while Chinese shipment fell 49% last month to lowest since July 2022.
Jeff Bezos (Below $ 29 billion)
The 61 -year -old Bezos, who collided with Trump on Postal Seva and his ownership of the Washington Post during the first President’s first term, congratulated Trump after the election on Musk’s X. Not only in December, Amazon donated $ 1 million to Trump’s inaugural fund in December, and Bezos masculinated Bezos for the last month. Amazon’s shares have fallen 14% from 17 January.
Sergei Brin (Below $ 22 billion)
The original Google co-founder with Larry Page, the 51-year-old Brin has maintained a 6% ownership share. He participated in demonstrations at San Francisco Airport in 2017, opposing the immigration measures of the Trump administration. After Trump’s re-election in November, Brin attended a dinner with him in Mar-e-Lago in later month. In early February, Alphabet Inc. experienced a decline in a significant share price of more than 7% after failing to meet quarterly revenue estimates. Recently, the representatives of the alphabet, facing pressure from the Department of Justice, requested a more liberal approach, engaged in discussion with government officials, facing pressure from the Department of Justice.
Mark Zuckerberg ($ 5 billion below)
Meta emerged as top artist among brilliant seven technology companies in early 2024. While these influential companies, who have gained adequate profit in the S&P 500 index in recent years, showed a stable performance, Meta gained a 19% increase between mid-January and mid-February. However, the company later abandoned these advances. The magnificent seven index have experienced a decline of 20% from its peak in mid -December.
Bernard aronolt (Below $ 5 billion)
The 76 -year -old Arnault, whose family controls the luxury group, who owns iconic brands such as Louis Wueton and Bulgari, has maintained a long -standing friendship with Trump extended decades. He interacted with the then-candidate that day after attempting the Pennsylvania murder in July. LVMH shares experienced a significant increase of more than 20% from the election period to the end of January, after showing the tendency downwards through most parts of 2024. However, the company later lost most of these benefits. According to the statement by Morningstar analysts last month, European luxury goods may adversely affect the potential tariff sales ranging from 10% to 20%, which are already facing difficulties.
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