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.
Banks may come to them, but hardly knocking with demands. ‘If you owe the bank $100, that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.’ And how they interact with banks, loans, etc. is far different in scale and method than the average consumer anyway.