As Donald Trump Took The Oath of Office on Jan. 20, He was floanked 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 revered Reversal for Many of that billionaires Bloomberg billionaires index.
The Period Between Trump's Election and His Inauration was a Boon for the World's Wealthiest, with the S & P 500 Index Hitting Several All-Time Highs. Investors Pilled Into Equity and Crypto Markets, Expecting that Trump's Policies would be advantageous to business.
Musk's Tesla Inc. Gained 98% in the weeks after the election, Hitting a Record High. Arnault's lvmh added 7% in the week before inauition day, making the french magnate $ 12 billion richer. Even zuckerberg's meta platforms inc., which banned trump from the social-mdia platform in 2021, Gained 9% before the beginning of the new term and an adhistal 20% in his first fastel for the first four.
But ” The S & P 500 has Lost 6.4% Since He TOK Office, As Mass Layoffs of Government Employees and The President's Back-Back-For-Fort on Tariffs have Roled Equites, with the Benchmark Indx Tumming 2.7% O Monday.
The companies behind the inauguration atndees 17, The Last Trading Day Before The Inaugence. Here's a look at some that fortunes:
Elon Musk (Down $ 148 Billion)
The 53-Year-old Tesla Chief Executive Officer's Net Worth Peaked at $ 486 Billion on Dec. 17, The Larget Fortune Ever recorded on bloomberg's wealth index. Most of His Gains Came from Tesla, Whoose Stock Nearly Doubled after the election. Since then, The Electric Carmaker has given up all of that that. Consures in europe have soured on Musk's support for far-right politicss, with tesla sales in Germany falling by more than 70% in the first two months of the year. Chinese shipments also fell by 49% last month to levels not seen since July 2022.
Jeff Bezos (down $ 29 billion)
Bezos, 61, who clashed with trump over the postal service and his ownership of the washington post during the president's first term, congratulated trump the day after the Election on Musk's X Social-Method Platform. Amazon Donated $ 1 Million to Trump's Inauguration Fund in December, And Bezos Dined With the President Last Month, The Same Day That Bezos Announced that HISPAR ANNNCED THE HISPAR ANNNUNCED THE HISPAR ANNNUNCED Markets in its opinion section. Amazon Shares Have Fallen 14% Since Jan. 17.
Sergey Brin (down $ 22 billion)
Brin, 51, who co-founded the company then known as Google with Larry Page and Still Retains a 6% Stake, Joined a Protest Against The Trump Administration's Immigration's Immigration POLICY At the SAN FRANCOSCO ARPORTING 2017. After Trump was re-fitted in navember, brin dined with him at mar-a-crow the following month. Alphabet inc.'s shares tumbled more than 7% in Early February after it Missed Quarterly Revenue Estimates. REPRESENTINES from Alphabet, which is currently facing pressure from the justice department to break up its search engine company, last week met with the government and assked it to take it to take it to Stance.
Mark Zuckerberg (Down $ 5 Billion)
Meta was the standout Winner Among the magnificent Seven Tech Stocks at the Beginning of this year. Even as the group of companies that have Powered Much of the S & P 500's Gains Over the Past Few Years Were Flatlining, Meta Rose 19% from Mid-January to Mid-fiberry. Since then, Thought, The Stock has lost all there. The magnificent Seven Index is Down 20% Since Its Mid-Decmber High.
Bernard Arnault (Down $ 5 Billion)
Arnault, 76, Whose Family Owns The Luxury Congress including Brands Including Louis Vuitton and Bulgari, has been a friend of trump's for decades, speaking with the after the after the after Pennsylvania assassination attempt in July. After declining through most of 2024, lvmh jumped more than 20% from the election through late January. IT's Since Given Up Most of that Gains. Morningstar analysts said last month that a 10% to 20% tariff on European Luxury Goods Cold Depress Sales, which have alredy been been struggling.
(Except for the headline, this story has not been edited by ndtv staff and is published from a syndicated feed.)
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