Trump's Inauguration Weekend Generates $1.3 Trillion Billionaire Support
Trump's Inauguration Weekend Generates $1.3 Trillion Billionaire Support

Trump's Inauguration Weekend Generates $1.3 Trillion Billionaire Support

News summary

Donald Trump was sworn in as the 47th President of the United States amid a star-studded inauguration, attended by billionaires including Elon Musk, Jeff Bezos, and Mark Zuckerberg, whose combined net worth exceeded $1.3 trillion. The event highlighted the significant financial backing Trump received from tech moguls, who are optimistic about his business-friendly policies. Alongside the ceremony, Trump's family showcased extravagant jewelry, particularly Ivanka Trump, who wore over $1.1 million in diamonds during the inaugural festivities. In a notable move, Trump launched the $TRUMP meme coin on the night of his inauguration, quickly reaching a market cap of over $14 billion, with a significant portion held by the Trump Organization. Additionally, the introduction of the $MELANIA coin contributed to the family's financial empire, alongside other crypto ventures. These developments underscore the intertwining of politics, wealth, and the growing influence of cryptocurrencies during Trump's presidency.

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68 days ago
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