209 billion dollar losses 5 billionaires attended Trump's inauguration

When Donald Trump took the constitutional oath on January 20, he was surrounded by some of the richest people in the world. The wealth of the billionaires present on that day, including Elon Musk, Jeff Bezos and Mark Zuckerberg, was at its peak and benefited from big profits in the prosperous stock markets. But after 7 weeks, the image changed completely. The start of the Trump’s second term was a sudden coup for many billionaires sitting behind him in the Capitol Dome, where 5 of them lost a total of $ 209 billion of their wealth, according to the Bloomberg index of billionaires. The period between Trump’s election and its installation was a blessing to the richest world, as the S&B 500 index recorded several record levels. Investments have flowed to stock markets and cryptocurrencies, amid the expectation that Trump’s policy will be favorable for business. The pre -installation mutation, the shares of “Tesla”, owned by a 98% mask, increased in the weeks that the election followed and reached the highest level ever. The LVMH shares, owned by French by Bernard Arno, rose 7% the week before the inauguration day and added $ 12 billion to its wealth. Even the shares of “Meta”, which Trump banned from his platform in 2021, rose by 9% before the start of the new state and then jumped by an extra 20% during the first four weeks of his reign. But any expectations that the start of the Trump’s new state will quickly motivate the markets. The S&B 500 has dropped 6.4% since he held office, as the mass demobilization of civil servants and confusion in customs duties in the stock market’s unrest, so that the reference index fell alone by 2.7% on Monday. The businesses that the source of the wealth of those present at the inaugural ceremony were one of the biggest losers, as they lost $ 1.39 trillion of their market value since January 17, the last day of trading before the inauguration. Below is a look at some of this wealth: Elon Musk (lost $ 148 billion), the wealth of the 53 -year -old CEO, “Tesla”, reached its peak at $ 486 billion on December 17, which became the biggest wealth ever recorded on the ‘Bloomberg’ wealth index. Most of his profits come from “Tesla”, whose shares almost doubled after the election. But since then, the company has lost all its profits. Tesla sales in Germany fell by more than 70% in the first two months of the year, as European consumers are reluctant to buy its cars because of its support for extremist politicians. Chinese consignments also dropped by 49% last month, which is the lowest level since July 2022. Jeff Bezos ($ 29 billion) Bezos, 61, who went on with Trump during his first term due to the postal service and ownership of the Washington Post, Trump congratulations on his victory the next day of the election by the “X” platform owned by a mask. ‘Amazon’ donated a million dollars to the Trump inauguration Fund in December, and Pussus met the president last month, on the same day he announced that his newspaper would prioritize personal freedoms and the free market economy in the opinion division. Since January 17, Amazon shares have fallen by 14%. Sergey Bren (lost $ 22 billion) Brain (51) participated in the establishment of “Google” with Larry Beige and still has a 6% stake in the parent company “Alphabet”. He joined Trump’s immigration policy at San Francisco Airport in 2017. After Trump’s re-election in November, he ate with him in Mar-A Lugo the following month. Alphabet shares fell by more than 7% in early February after their quarterly income was less than expectations. Representatives of the company met with government officials last week to ask them to facilitate the pressure the Ministry of Justice has exerted on the company to dissolve its search engine. Mark Zuckerberg (lost $ 5 billion) was ‘Meta’, the most prominent winner among the ‘seven big’ in the technology sector at the beginning of the year. While the shares of the most important technology companies have decreased, the “Mita” share increased by 19% from mid -January to mid -February. But since then, the arrow has lost all its profits. The ‘Seven Great’ index has also dropped by 20% since the peak in mid -December. Bernard Arno (lost $ 5 billion) Arno, who is 76 years old, whose family has the giant luxurious goods “LVH” that owns signs like “Louis Viton” and “Bulgari”, was a friend of Trump for decades, and he spoke to the assassination attempt in Pennsylvania the next day. After the “LVH” shares dropped during most of 2024, it jumped by more than 20% after the election until the end of January, but lost most of these profits later. The analysts of ‘Morning Star’ said last month that the imposition of customs duties of 10% and 20% on European luxury goods could lead to a decline in sales, which is already suffering from poor demand.