Summary
Since Trump’s second-term inauguration, five top billionaires have lost a combined $209 billion as markets react to policy uncertainty.
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Elon Musk’s net worth plunged $148 billion as Tesla shares collapsed amid declining European and Chinese sales.
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Jeff Bezos lost $29 billion as Amazon stock fell 14%.
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Sergey Brin’s fortune dropped $22 billion following Alphabet’s weak earnings and regulatory pressure.
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Mark Zuckerberg and Bernard Arnault each lost $5 billion as Meta and LVMH stocks tumbled.
The S&P 500 is down 6.4%, reversing gains seen post-election.
So that’s what, about 5 minutes with of profits between them?
Good. Since they drive their wealth from using the value of their stocks as leverage to get loans, having these stocks collapse will not only make their loans smaller (not sure by how much), but they will have to pay using more of their dividends than what they expected
In short, they will get less money and it will cost them more to pay it back.
They like the stock market going down, since it’ll eventually go back up and meanwhile they still have billions available to buy up a lot more stock on the cheap while it’s down.
These are the same billionaires that donated millions to the inauguration. How’s that RoI on bribery going techbros?
Keep It going y’all
Whisper it in my ear
^^they ^^lost ^^$209 ^^billion
🥵 That’s hot. Not nearly enough, but still great news
They deserve to lose so much more.
proof they’re not geniuses
Damn that’s financially irresponsible. I’ve only lost a $20 since then
Oh ok, that’s sad, let me shed a few tears here before I go back to be exploited by the rich 😹😹😹😹😹😹😹😹
They don’t care. Stock prices only matter when purchasing and when selling. The day to day up and down has no affect on their direct worth.
False - these billionaires use their stock as collateral for loans. It’s all part of a tax avoidance scheme. If the stock goes down significantly, the banks come knocking.
Both of the billionaires pictured also head their companies in some way or another. Investors can vote to throw them out. Not that they would, but even the vote of no confidence is not a good look.
Banks may come to them, but hardly knocking with demands. ‘If you owe the bank $100, that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.’ And how they interact with banks, loans, etc. is far different in scale and method than the average consumer anyway.
Looks like some dumbfucks made a bad investment in a rapist.
Tbf, not all of them invested in his campaign though.
Not really. Comparative wealth of the entire USA is declining, the Billionaires are still on top. If Elon Musk loses 99% of his wealth he would still be a billionaire.
What this really means is that people around the world outside of the USA no longer view it as a stable investment.
Damn Globalists at it again huh? LMAO 🤣
Noice!
They should be grateful their heads are still attached.
