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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJust how much money has Trump cost his billionaire buddies?
When Donald Trump was sworn in for his second term as president, he was surrounded by his billionaire benefactors: Jeff Bezos, Elon Musk, and Mark Zuckerbergall of whom either contributed to Trumps presidential campaign or showered him with cash before his inauguration.
Now, seven weeks later, as the economy has plummeted under Trump, that same group of billionaires has lost a significant amount of wealth.
According to the Bloomberg Billionaires Index, the combined net worth of Bezos and Musk fell by a staggering $177 billion by March 10. Musk has faced the largest decline, with the net worth of Trumps first buddy dropping by $148 billion since the markets closed on January 17.
And as the rest of the economy takes a hit, Trumps honeymoon period seems to have come to a full stop.
https://www.dailykos.com/stories/2025/3/12/2309490/-Just-how-much-money-has-Trump-cost-his-billionaire-buddies

Blue Owl
(55,577 posts)
JT45242
(3,188 posts)Musk will make certain that space x, Tesla, starling, etc get him at least that much money back. Plus he and his goons are either selling PII or preparing for cyber crime malware
Then there are the tax cuts that will come.
The billionaire class will be just fine.
LetMyPeopleVote
(159,706 posts)These assholes are paying a price for supporting trump.
Link to tweet
https://www.rawstory.com/trump-billionaires-2671300971/
The Trump-aligned billionaires had enjoyed the period between Trumps election and inauguration as a boon for the worlds wealthiest, with several all-time highs recorded on the S&P 500 Index, according to the analysis. But seven weeks later, a different story has emerged with five of the billionaires who sat behind Trump as he took the oath of office for a second time taking the multibillion dollar hit.
It represents a stunning reversal, the analysis said.
The companies behind the inauguration attendees fortunes have been some of the biggest losers, falling by a combined $1.43 trillion in market value since Jan. 17, the last trading day before the inauguration, Bloomberg reported.
Musk, whose time heading Trumps Department of Government Efficiency initiative has drawn alarm from frustrated investors, has seen the most significant loss of the billionaire group a whopping $145 billion hit since the presidents swearing-in ceremonies.
Bezos saw his wealth drop $31 billion, while Google founder Sergey Brin saw a $23 billion hit. Zuckerberg lost $8 billion and Louis Vuitton Moët Hennessy CEO Bernard Arnault lost $5 billion, Bloomberg reported.