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Yo_Mama_Been_Loggin

(119,997 posts)
Thu Mar 13, 2025, 04:01 PM 14 hrs ago

Just 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 Zuckerberg—all of whom either contributed to Trump’s 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 Trump’s “first buddy” dropping by $148 billion since the markets closed on January 17.

And as the rest of the economy takes a hit, Trump’s 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

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Just how much money has Trump cost his billionaire buddies? (Original Post) Yo_Mama_Been_Loggin 14 hrs ago OP
Wow it took a real Sherlock Holmes to see that one coming Blue Owl 13 hrs ago #1
I'll bet musk has gotten at least that much back thru government contracts and selling pii on the dark web JT45242 13 hrs ago #2
'Stunning reversal': Billionaires at Trump's inauguration see dramatic decline in wealth LetMyPeopleVote 10 hrs ago #3
They bent the knee to Orange Mussolini and are now feeling the consequences. LetMyPeopleVote 9 hrs ago #4

JT45242

(3,188 posts)
2. I'll bet musk has gotten at least that much back thru government contracts and selling pii on the dark web
Thu Mar 13, 2025, 04:20 PM
13 hrs ago

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)
3. 'Stunning reversal': Billionaires at Trump's inauguration see dramatic decline in wealth
Thu Mar 13, 2025, 07:56 PM
10 hrs ago

These assholes are paying a price for supporting trump.



https://www.rawstory.com/trump-billionaires-2671300971/

The tech billionaires who had front-row seats as President Donald Trump was being sworn in on Jan. 20 – including Elon Musk, Mark Zuckerberg and Jeff Bezos – have seen their wealth drop by a staggering $210 billion combined as the president’s economic policies have upended markets, a Bloomberg analysis found.

The Trump-aligned billionaires had enjoyed the period between Trump’s election and inauguration as a boon for the world’s 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 Trump’s 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 president’s 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.
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