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The Billionaire Bloodbath: U.S. Billionaires Have Lost $415 Billion Under Trump 2.0 - And Counting
Expectations were that billionaires would be the big winners in a Trump America 2.0. Instead, their fortunes have plummeted in the first eight weeks. Here are the biggest losers.
That downturn hit the country’s richest people in a big way: collectively, American billionaires are now $415 billion poorer, Forbes calculates. The once high-flying Magnificent 7–Tesla, Nvidia, Alphabet, Amazon, Meta, Apple, and Microsoft–have collectively lost more than $1.5 trillion of their market value since Jan. 20 amid concerns about economic weakness. The leaders of several of those companies, including Amazon’s Jeff Bezos, Google (now Alphabet) cofounder Sergey Brin, and Meta’s Zuckerberg, all attended Trump’s inauguration and were given prominent placement among the attendees at the Capitol.
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