{"id":23853,"date":"2025-03-11T16:29:28","date_gmt":"2025-03-11T16:29:28","guid":{"rendered":"https:\/\/usdailys.com\/?p=23853"},"modified":"2025-03-11T16:29:28","modified_gmt":"2025-03-11T16:29:28","slug":"five-billionaires-who-attended-donald-trumps-inauguration-have-collectively-lost-209000000000-in-wealth","status":"publish","type":"post","link":"https:\/\/usdailys.com\/?p=23853","title":{"rendered":"Five billionaires who attended Donald Trump\u2019s inauguration have collectively lost $209,000,000,000 in wealth"},"content":{"rendered":"

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As Donald Trump gave his Presidency oath, five of the richest men in the world stood behind him and now, they\u2019ve collectively lost $209 billion.<\/p>\n

It all began on January 20, when\u00a0Trump<\/a>\u00a0was inaugurated and became the US President for the second time.<\/p>\n

During the day, many were shocked to see\u00a0five billionaires surrounding him<\/a>\u00a0and attending the event. Those people were\u00a0Elon Musk<\/a>, Jeff Bezos, Mark Zuckerberg, Bernard Arnault and Sergey Brin.<\/p>\n

Of course, the Tesla mogul was there as he had been very active during Trump’s campaign and continues to be of service to White House by having a key role in the Department of Government Efficiency (DOGE), but why the rest were there was a mystery.<\/p>\n

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\"Elon\"Elon<\/div>\n<\/div>\n

Elon Musk, Jeff Bezos and Mark Zuckerberg at Donald Trump’s inauguration (JULIA DEMAREE NIKHINSON\/POOL\/AFP via Getty Images)<\/cite><\/div>\n

Initially, all five members enjoyed an increase in the stock market, and its subsequent financial gain\u2026 before it dipped and left them less off than they were before the inauguration.<\/p>\n

It was seven weeks after the start of Trump\u2019s second term when the group lost the collective wealth, according to the Bloomberg Billionaires Index.<\/p>\n

This is because the S&P 500 index has dropped nearly 7 percent since Trump took office, as per\u00a0Bloomberg<\/a>.<\/p>\n

According to Bloomberg, it was the weeks between Trump’s election and his inauguration that the S&P 500 index reached several historical highs and investors flew to the stock and cryptocurrency markets as they expected Trump’s policies to boost the markets all round.<\/p>\n

This in turn made Musk’s Tesla Inc. increase by a hefty 98 percent, Bernard Arnault’s LVMH increase by 7 percent, and Zuckerberg’s Meta by 29 percent.<\/p>\n

However, the companies the billionaires own went on to drop by a total of $1.43 trillion in market value.<\/p>\n

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\"Sergey\"Sergey<\/div>\n<\/div>\n

Sergey Brin lost $5 billion (Lionel Hahn\/Getty Images)<\/cite><\/div>\n

Before the drop, Musk was the largest fortune ever recorded in the Bloomberg billionaire index with his $486 billion on December 17, with Tesla sales in Germany falling by more than 70 percent after Trump took to office.<\/p>\n

Many believe this is because of Musk\u2019s customers being upset with his political affiliation, leaving him $145 billion worse off.<\/p>\n

While Amazon donated $1 million to Trump’s inauguration, Bezos lost $31 billion after Amazon sales fell by 15 percent.<\/p>\n

As for Brin, who co-founded Google (Alphabet Inc.) with Larry Page and continues to hold 6 percent of the shares, his shares in Alphabet Inc. fell by more than 7 percent in the weeks after the company missed quarterly revenue estimates, losing him $23 billion.<\/p>\n

Zuckerberg has probably had a luckier escape with\u00a0Meta<\/a>\u00a0than most after losing $8 billion when The Magnificent Seven index fell by 21 percent from its mid-December peak.<\/p>\n

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\"Bernard\"Bernard<\/div>\n<\/div>\n

Bernard Arnault has lost $5 billion since Trumps inauguration (Andrea Savorani Neri\/NurPhoto via Getty Images)<\/cite><\/div>\n

And as for Arnault, he lost $5 billion and took the lesser hit than the rest of the group.<\/p>\n

His family owns the conglomerate (LVMH) behind Louis Vuitton and Bulgari and has been a notable friend of Trump\u2019s for decades.<\/p>\n

Morningstar analysts shared that the 10-20 percent\u00a0tariff<\/a>\u00a0on European luxury goods could reduce his already struggling sales.<\/p>\n

So, maybe the inauguration appearance wasn\u2019t for the best for these billionaires?<\/p>\n","protected":false},"excerpt":{"rendered":"

    As Donald Trump gave his Presidency oath, five of the richest men in the world stood behind him and now, they\u2019ve collectively lost $209 billion. It all began … <\/p>\n","protected":false},"author":2,"featured_media":23854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts\/23853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23853"}],"version-history":[{"count":1,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts\/23853\/revisions"}],"predecessor-version":[{"id":23855,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts\/23853\/revisions\/23855"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/media\/23854"}],"wp:attachment":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}