3 Billionaires At Trump’s Inauguration Have Lost $209 Billion Since Start Of Second Term

The wealthy tech leaders Elon Musk, Jeff Bezos and Mark Zuckerberg, who attended Donald Trump’s second presidential inauguration, have since lost a combined $209 billion.

The period between Trump’s election and his inauguration was a profitable time for the wealthiest people in the world, with the S&P 500 Index hitting many all-time highs. Musk, Bezos and Zuckerberg benefited from robust stock market performance. However, after eight weeks, Trump’s second term has led to massive financial setbacks for the billionaires who attended his inauguration, with their combined wealth declining by $209 billion, according to the Bloomberg Billionaires Index.

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Musk’s net worth suffered the most, dropping by $148 billion since January 20. He saw his net worth peak in December 2024 at $486 billion, the highest ever recorded by the Bloomberg wealth index. 

The Tesla CEO used almost $300 million of his fortune to support Trump’s presidential campaign and other MAGA allies throughout last year.

The report mentions that Musk’s net worth spike came primarily from Tesla’s significant gains, which have since been lost. 

>MORE: ELON MUSK’S NET WORTH PLUMMETS BY $144 BILLION SINCE ELECTION

Musk’s support for far-right politicians has repelled consumers in Europe, with Tesla sales in Germany falling by over 70% in the first two months of the year. Chinese shipments decreased by 49% in December 2024 to levels not witnessed since July 2022.

Bezos’s net worth has decreased by $29 billion. In December 2024, Amazon donated $1 million to Trump’s inauguration fund, and the company’s founder dined with the president in February. Additionally, Amazon shares have decreased 14% since January 17.

Zuckerberg lost $5 billion since Trump’s inauguration. At the beginning of 2024, Meta became the top performer among the Magnificent Seven tech company stocks. 

While these tech companies, which drove the S&P 500’s strong growth in recent years, remained stagnant, Meta still gained a 19% increase between mid-January and mid-February. However, the company has since given up these advances. 

Meanwhile, the Magnificent Seven index has decreased 20% from its peak in mid-December.