Billionaires Lose $209B Since Trump's Second Term Began

Donald Trump's second term has resulted in significant financial losses for several billionaires who supported him, with a combined loss of $209 billion in their net worth. Initially, Trump's election and inauguration boosted stock markets, leading to record highs in the S&P 500 and significant gains for companies like Tesla and Meta. However, post-inauguration, the market has been unstable due to Trump's erratic policies, including mass layoffs and tariff uncertainties, causing a 6.4% drop in the S&P 500. Elon Musk, Jeff Bezos, and Mark Zuckerberg were among those hardest hit, with Musk's net worth plunging by $148 billion. The market volatility has also resulted in a combined $1.39 trillion loss in market value for the companies associated with these billionaires. Despite initial optimism, Trump's policies have not supported the sustained growth expected by investors.