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Billionaires at Trump’s swearing-in have since lost $209 billion (www.bloomberg.com)

submitted 1 year ago by MicroWave@lemmy.world to c/news@lemmy.world

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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.

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[–] underfreyja@lemmy.world 9 points 1 year ago (1 child)

Whisper it in my ear

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