The fortunes of five billionaires who were present at the inauguration ceremony of Donald Trump as President of the United States witnessed a major shrinking, as they lost a total of 209 billion dollars of their personal wealth after only seven weeks of Trump’s inauguration, and the companies they possess were subjected to huge losses in their market value, amounted to more than $ 1.39 trillion since January 17, which is the last day of trading before inauguration, According to a report of the French newspaper Liberation.
Elon Musk: a loss of 148 billion dollars
Elon Musk, CEO of Tesla and SPACEX, was the largest losers by $ 148 billion, after the world’s richest man with an estimated wealth of $ 486 billion in December, this wealth decreased significantly with the collapse of Tesla.
The experts attributed the reason for this loss to a change in the behavior of European consumers, who abandoned Mask products due to his close relationships with Trump and the extreme right, and sales in China also decreased significantly.
Jeff Bezos: a loss of 29 billion dollars
Jeff Bezos, the founder of Amazon, lost 29 billion dollars after his company’s shares decreased by 14% since Trump assumed the presidency. Despite his attempt to get closer to the new administration and despite his donation, this did not prevent his great losses.
Sergei Brain: a loss of 22 billion dollars
founder Partner Google, Sergey Brain, lost $ 22 billion as a result of the decrease in the shares of Alphabet Inc by more than 7%, this came after he retracted his previous stances against Trump and accepted a call for dinner in Marago where Trump resort, in which dignitaries and businessmen supported his election campaign.
Mark Zuckerberg and Bernard Arno: a loss of $ 5 billion each
Mark Zuckerberg, the founder of Meta, and Bernard Arno, head of the French LVMH group, witnessed a loss of $ 5 billion each.
And Arno, who is a close friend of Trump, has lost most of his company’s gains after the elections, while Zuckerberg has declined with the decrease in Meta’s dead shares, despite his attempts to support Trump’s agenda with conservative positions.
These losses indicate the great transformations witnessed by the economic and political climate under the second Trump administration, and its impact on the major wealth and giant companies.
