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News@lemmy.worldEnglish · 4 days ago

Billionaires at Trump’s swearing-in have since lost $209 billion

www.bloomberg.com

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1

Billionaires at Trump’s swearing-in have since lost $209 billion

www.bloomberg.com

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 4 days ago

6

Bloomberg - Are you a robot?

www.bloomberg.com

Summary

Since Trump’s second-term inauguration, five top billionaires have lost a combined $209 billion as markets react to policy uncertainty.

Elon Musk’s net worth plunged $148 billion as Tesla shares collapsed amid declining European and Chinese sales.
Jeff Bezos lost $29 billion as Amazon stock fell 14%.
Sergey Brin’s fortune dropped $22 billion following Alphabet’s weak earnings and regulatory pressure.
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.

Non-paywall link

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cultsuperstar@lemmy.world
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3 days ago
That’s not enough
- ShaggySnacks@lemmy.myserv.one
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  1 day ago
  The Top 10 Richest Americans have a combined wealth total of $1,548 TRILLION.
  
  $209 billion is only ~~0.13%~~ 13.5% of the of Top 10.
  
  We need to get those numbers higher.
  
  Edit: I suck at math, as it was pointed out to me

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