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News@lemmy.worldEnglish · 1 day ago

Billionaires at Trump’s swearing-in have since lost $209 billion

www.bloomberg.com

520

Billionaires at Trump’s swearing-in have since lost $209 billion

www.bloomberg.com

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 1 day ago

Bloomberg - Are you a robot?

www.bloomberg.com

Summary

Since Trump’s second-term inauguration, five top billionaires have lost a combined $209 billion as markets react to policy uncertainty.

Elon Musk’s net worth plunged $148 billion as Tesla shares collapsed amid declining European and Chinese sales.
Jeff Bezos lost $29 billion as Amazon stock fell 14%.
Sergey Brin’s fortune dropped $22 billion following Alphabet’s weak earnings and regulatory pressure.
Mark Zuckerberg and Bernard Arnault each lost $5 billion as Meta and LVMH stocks tumbled.

The S&P 500 is down 6.4%, reversing gains seen post-election.

Non-paywall link

Chat

henfredemars@infosec.pub
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1 day ago
Everything‘s on discount for them now! Time to buy up some cheap stock and failing businesses.

They win no matter what.
- Kyouki@lemmy.world
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  1 day ago
  Always stood by for, with (fake) money you can make more (fake) money.
  
  The issue is mostly getting towards that money first for us normies who aren’t born into RNG.

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