News from March 11th, expectations of market gains driven by Trump's second term have fallen through. At Trump's inauguration ceremony, the wealth of many billionaires sitting behind him astonishingly shrank.
According to the Bloomberg Billionaires Index, the combined wealth of five individuals has evaporated up to $209 billion. Compared with the day Trump was sworn in (January 20), Musk's personal net worth shrunk by $148 billion, Bezos' personal fortune fell by $29 billion, Google co-founder Brin lost $21 billion in wealth, and Zuckerberg and Arnault respectively saw their fortunes evaporate by $6 billion and $5 billion. The total wealth loss for these five tycoons amounted to $209 billion. Just yesterday alone, these five tycoons collectively lost a staggering amount of nearly $49.78 billion.