Tuesday, March 11, 2025

Billionaires at Inauguration Have Since Lost $209 Billion

As Donald Trump took the oath of office on Jan. 20, he was flanked by some of the world's wealthiest people. The billionaires present that day " including Elon Musk, Jeff Bezos and Mark Zuckerberg " had never been richer, flush with big gains from frothy stock markets. Seven weeks later, it's a different story. The start of Trump's second term has delivered a stunning reversal for many of those billionaires sitting behind Trump in the Capitol Rotunda, with five having lost a combined $209 billion in wealth, according to the Bloomberg Billionaires Index.

Comments

Well, I guess now they can't afford to eat out.

#1 | Posted by Zed at 2025-03-11 12:57 PM

They think of this as an investment that will earn them trillions... and they are prolly right.

That their coming tax cut is the largest transfer of wealth from the poor and the middle class to the already very wealthy in our history is just another accomplishment to them.

#2 | Posted by Corky at 2025-03-11 01:01 PM

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