A Different Story

As Donald Trump took the oath of office on Jan. 20, he was flanked by some of the world's wealthiest people.  The billionaires present that day -- including Elon Musk, Jeff Bezos and Mark Zuckerberg -- had never been richer, flush with big gains from frothy stock markets.

Seven weeks later, it's a different story.  The start of Trump's second term has delivered a stunning reversal for many of those billionaires sitting behind Trump in the Capitol Rotunda, with five having lost a combined $209 billion in wealth, according to the Bloomberg Billionaires Index.

-- Dylan Sloan writing for Bloomberg, "Billionaires at Trump's Swearing-In Have Since Lost $209 Billion" (10 March 2025), written before the Dow Jones and S&P 500 lost another 3% on Monday and Tuesday of this week