this post was submitted on 11 Mar 2025
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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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[–] [email protected] 14 points 1 day ago* (last edited 1 day ago) (4 children)

I doubt that

Edit: Tesla’s market cap is now 722 billion, still making it more valuable than any company on this graph. We need to go much lower

[–] [email protected] 13 points 1 day ago (1 children)

This really puts into perspective how massively overvalued tesla is

[–] [email protected] 2 points 20 hours ago (1 children)

But its a tech company

Said unironically by many people.

[–] [email protected] 1 points 7 hours ago

It's a funny argument, because, yeah, a lot of tech companies are overvalued, but that's not a good thing either

[–] [email protected] 6 points 22 hours ago

Yeah that's what a bubble looks like all right

[–] [email protected] 2 points 22 hours ago

looks more like a cancerous tumor9tesla) crowding out healthy tissue.

[–] [email protected] 1 points 1 day ago (1 children)

That is absolutely wild... I cant believe how much of the industry they are! Well thats great then! I was worried the death of tesla would be unfelt by elon.

[–] [email protected] 3 points 22 hours ago (1 children)

He's hit the level of wealth where he'll never be poor. But he can be removed from "buy governments" money until such time as he can be held accountable for his actions

[–] [email protected] 1 points 2 hours ago* (last edited 2 hours ago)

Politicians are whores, I really doubt you need more than a billion to own your own starting lineup.