The growth of stock and cryptocurrency markets prior to the elections was marked by the expectation that Trump's policies would benefit companies. Tesla, Elon Musk's company, saw a 98 percent increase in the weeks following the elections, reaching a historic record. However, the start of Trump's second term has brought surprising changes for several billionaires who supported him.
Among them, Bernard Arnault, owner of LVMH, lost 5 billion dollars. His company declined in 2024 but then increased by more than 20 percent from the election to the end of January. Jeff Bezos, owner of Amazon, who had disagreements with Trump in the past, has also suffered losses, seeing a drop of 29 billion dollars in his fortune.
Even companies like Meta, owned by Mark Zuckerberg, which previously banned Trump from its platform, experienced gains before Trump's new term but then saw a decrease in value. Alphabet's shares also fell by more than 7 percent in early February.
Elon Musk's net worth reached a historic high of 486 billion dollars, while other major fortunes, like those of Jeff Bezos and Mark Zuckerberg, were also impacted. Companies linked to these moguls have lost a total of 1.39 trillion dollars in market value since Trump's inauguration. Despite initial expectations, some of these companies have experienced significant losses in recent weeks.
In summary, the change in the political landscape has had a direct impact on the fortunes of several billionaires, with million-dollar losses for those who had found a period of boom in the markets since Trump's election.
