Elon Musk of Tesla, Jeff Bezos of Amazon, Sergey Brin of Google, Mark Zuckerberg of META have lost a total of $210 billion since Trump's inauguration - Bloomberg.
Monday, Mar 10, 2025 5:00 pm ET
1min read Elon Musk of Tesla, Jeff Bezos of Amazon, Sergey Brin of Google, Mark Zuckerberg of META have lost a total of $210 billion since Trump's inauguration - Bloomberg.
The tech industry's most prominent figures, including Elon Musk of Tesla, Jeff Bezos of Amazon, Sergey Brin of Google, and Mark Zuckerberg of META, have collectively experienced a staggering loss of approximately $210 billion since Donald Trump's inauguration in 2017 [1]. This significant decline in their net worth is a testament to the volatile nature of the tech industry and the broader economic landscape during the Trump administration.At the time of Trump's second inauguration, these tech giants were in attendance, marking a notable display of support for the administration [1]. Since then, their net worths have fluctuated dramatically, reflecting both the successes and challenges faced by their respective companies.
For instance, Musk, who has been a vocal supporter of Trump, saw his net worth surge during the administration due to the success of Tesla and SpaceX [1]. However, his net worth has since declined as Tesla's stock has experienced volatility and the company has faced regulatory challenges.
Similarly, Bezos, who initially clashed with Trump during his first term, saw his net worth increase after Amazon Prime Video paid $40 million to license a Melania Trump documentary and the company contributed $1 million to Trump's inaugural fund [1]. However, his net worth has also declined as Amazon has faced increased competition and regulatory scrutiny.
Brin and Zuckerberg, who were also initially critical of Trump, have seen their net worths decline during the administration as their companies have faced regulatory challenges and increased competition [1].
It's essential to note that the tech industry's net worth is subject to various factors, including market conditions, regulatory decisions, and company performance. While the tech giants' net worths have declined since Trump's inauguration, this does not necessarily indicate a causal relationship.
In conclusion, the tech industry's most prominent figures, including Musk, Bezos, Brin, and Zuckerberg, have collectively experienced a staggering loss of approximately $210 billion since Donald Trump's inauguration in 2017. This decline reflects the volatile nature of the tech industry and the broader economic landscape during the Trump administration.
References:
[1] Town & Country. (2021, January 20). Among the Guests at Trump's Inauguration: Jeff Bezos, Elon Musk, and Mark Zuckerberg. https://www.townandcountrymag.com/society/politics/a63457774/donald-trump-inauguration-jeff-bezos-elon-musk-mark-zuckerberg-attendance-explained/
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