Billionaires Lose $209 Billion in Wealth Following Trump’s Second Inauguration

Market volatility, trade policies, and economic uncertainty have led to significant losses for five prominent billionaires since January 20.

Elon Musk, Jeff Bezos, Sergey Brin, Mark Zuckerberg, and Bernard Arnault collectively lost $209 billion in net worth since Donald Trump’s second term began.
Elon Musk experienced the largest decline, with his net worth dropping by $148 billion due to Tesla's stock losing significant value after a peak in December 2024.
Amazon shares fell 14%, contributing to Jeff Bezos losing $29 billion in net worth, while Sergey Brin saw a $22 billion drop as Alphabet’s stock declined over 7%.
Meta CEO Mark Zuckerberg and LVMH CEO Bernard Arnault each lost $5 billion after initial post-election gains in their companies’ stock values were reversed.
Economic concerns, including new tariffs and fears of a potential U.S. recession, have contributed to a broader market downturn, with the S&P 500 down 6.4% since January.