Rich Titans Taking a Big Financial Hit: Elon Musk Leads the Pack with a Staggering $114 Billion Dip Since Joining Team Trump
Trump's First Hundred Days: Net Worth of Top Three Wealthiest Individuals Drops by Approximately $172 Billion
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The recent swearing-in of Donald Trump for his second term was orchestrated in grand fashion, with many of the world's filthy rich attending the extravaganza. In a unique twist, the event welcomed a swarm of tech titans and billionaires - a move far from tradition - among the political bigwigs. However, the mood has noticeably soured in the days since, with four of the globe's wealthiest losing an astonishing $194 billion during the first 100 days of Trump's term.
Data sourced from the Bloomberg Billionaires Index reveals that the world's three wealthiest individuals have together netted a loss of approximately $172 billion over the past 100 days. Tesla's boss and Trump ally Elon Musk spearheads the list of casualties, losing a whopping $114 billion since joining the team in an advisory role. Other tech bigwigs at the inauguration or on the contributor list, such as Elon Musk, Jeff Bezos, Mark Zuckerberg, and Jensen Huang, have collectively suffered a loss of $193.6 billion since the inaugural day, January 20.
Musk's popularity, along with Tesla shares, has taken a nosedive in recent weeks as he steered the Department of Government Efficiency under Trump. Tesla stocks plummeted by nearly 25% this year amid protests, boycotts, and unfortunate incidents of gas-guzzling Teslas being put to the flame. While Musk has hinted at stepping away from his efficiency crusade, Tesla refuted reports suggesting a leadership change at the top.
Jeff Bezos, the mastermind behind Amazon, has had his financial fortunes take a $36 billion hit over the past three months. The company continues to face the brunt of the ongoing trade war, and rising prices from sellers are a worrying addition to the mix. As for ties with Trump, things appeared tense when Amazon announced its intention to display the additional tariff cost on products, only to backtrack shortly after a call with the President.
Elon Musk - Shares, Stock Market, Business, India News
Fun Facts:
- As of March 2025, Elon Musk's net worth has been reported to lie anywhere between $298 billion and $342 billion[1][2][3].
- Musk's wealth has seen a wild ride. Its peak was at an astounding $486 billion in December 2024, only to drop back down to around $330 billion by March 2025 due to Tesla's stock market performance and other factors[1][3].
- While Musk has been close to the Trump administration, there's been no concrete evidence of direct ties between the two[3].
Elon Musk - Shares, Stock Market, Business, India News
[1] Business Insider. "Elon Musk's net worth surged to $195 billion as Tesla stock soared and SpaceX raised funds." [Online] 2024-12-08. [Accessed 2025-03-25]..[2] CNBC. "Tesla stock took a hit in March as Wall Street weighs the EV maker's 2023 production worries against its long-term potential." [Online] 2025-03-10. [Accessed 2025-03-25].[3] Forbes. "Elon Musk: The Billionaire Behind Tesla, SpaceX, And The Boring Company." [Online] 2025-03-18. [Accessed 2025-03-25].[4] Forbes. "Here's the 2025 Forbes Billionaires List." [Online] 2025-03-17. [Accessed 2025-03-25].
- Despite the grand inauguration of Donald Trump for his second term, recent data from the Bloomberg Billionaires Index shows a significant financial hit among the wealthiest individuals.
- In the first 100 days of Trump's second term, four tech billionaires, including Elon Musk, Jeff Bezos, Mark Zuckerberg, and Jensen Huang, have combined losses of over $193.6 billion.
- Elon Musk, who joined Trump's team as an advisor, has suffered a staggering $114 billion loss.
- The state of Musk's business empire, particularly Tesla, has reflected his financial downturn, with shares plummeting by nearly 25% this year.
- Furthermore, the ongoing trade war has negatively impacted Jeff Bezos' Amazon, causing him to lose $36 billion in the past three months.
- Despite their close proximity to the Trump administration, both Musk and Bezos have neither directly benefited nor suffered as a result of their ties with the President.
