Billionaires
Billionaires at Trump’s Swearing-In Have Since Lost $209 Billion
- Elon Musk alone has dropped $148 billion since inauguration
- Bezos, Zuckerberg, Arnault have also seen their fortunes fall
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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.