Five billionaires supported Donald Trump during his second inauguration in January, but they later lost billions. These individuals included Sergey Brin, Jeff Bezos, Mark Zuckerberg, Bernard Arnault, and Elon Musk.
Initially, their presence paid off, as the stock market rose after Trump’s election. Musk’s Tesla, Arnault’s LVMH, and Zuckerberg’s Meta saw significant gains. However, the gains were short-lived, and their companies’ market value plummeted by $1.43 trillion.
Musk’s political affiliation reportedly caused Tesla’s decline in Germany, while Bezos lost $31 billion due to Amazon’s reduced sales. Brin’s Google shares dropped, costing him $23 billion, and Arnault lost $5 billion as luxury tariffs affected his sales.
