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

(page 2) 50 comments
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[–] asg101@lemmy.blahaj.zone 7 points 1 week ago

Couldn't have happened to a better group of guillotine dodgers.

[–] mrodri89@lemmy.zip 7 points 1 week ago (2 children)

I know were in for a world of pain with the stocks tanking. But honestly don't mind that they lose even more. Lose everything. Burn with us.

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[–] kreskin@lemmy.world 6 points 1 week ago* (last edited 1 week ago) (1 children)

and the American retirees who depend on their savings lost trillions to these idiots. A majority of those retirees voted conservative, but I feel bad for the ones who didnt.

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[–] Foni@lemm.ee 6 points 1 week ago (2 children)

go woke go broke, no wait....

Go fash, lose cash.

[–] Ledericas@lemm.ee 2 points 1 week ago

turns out its the either side going woke going broke. right wingers are by thier own definition, the wokest people out there.

[–] WinterDad32@lemmy.world 6 points 1 week ago

Keep It going y’all

[–] fluxion@lemmy.world 5 points 1 week ago

The only solace to watching all my retirement and investments get cratered is the fact that the assholes that brought this all about are taking the bigger hit.

[–] CharlesDarwin@lemmy.world 5 points 1 week ago

I'm sure they will be able to weather the storm. I bet they could find a way to get by on "only" a billion, let's say.

[–] sirico@feddit.uk 5 points 1 week ago* (last edited 1 week ago)

Just Covid economy 2.0 shifting more of everyones money into less hands, this way it can be Bidens fault it dropped and then Trumps when it regains

[–] Lootboblin@lemmy.world 5 points 1 week ago

Not low enough. We can do better!

[–] ieatpwns@lemmy.world 4 points 1 week ago

Damn that’s financially irresponsible. I’ve only lost a $20 since then

[–] griff 4 points 1 week ago

Toadying capitulators all

[–] IndustryStandard@lemmy.world 4 points 1 week ago

Billionaires remembering why they were supporting the covert right winger Democrats instead of the Republicans. Because a veneer of illusion is needed to keep their empire running.

[–] LucidLyes@lemmy.world 3 points 1 week ago

proof they're not geniuses

[–] leadore@lemmy.world 3 points 1 week ago

They like the stock market going down, since it'll eventually go back up and meanwhile they still have billions available to buy up a lot more stock on the cheap while it's down.

[–] major_briggs@lemmy.world 3 points 1 week ago

I'm sure they still have plenty of liquid assets to scoop up discounted stocks. Tax cuts will save conglomerates money, which they'll use for stock buybacks to inflate the worth of their stocks, which had already been picked up by the billionaires. This will reinflate their net worth.

Plus, and I don't know how or when this would be involved in the calculation of their net worth, but they're probably shorting stocks with insider info passed around Mar-a-Lago. Just a guess.

They'll be fine. The rest of us will continue to be screwed even harder. Fuck them billionaires.

[–] skuzz@discuss.tchncs.de 3 points 1 week ago

Keep it coming people! Stay the course!

[–] pzzzt@lemmy.world 3 points 1 week ago (1 children)

Crazy how you can tell from looking at Zuckcuck's face that he doesn't have a soul.

[–] Ledericas@lemm.ee 2 points 1 week ago* (last edited 1 week ago)

he is an android, his public appearances have always have him acting like a robot. he stays in his "alcove" while uploading META-data into his "brain" when hes not in public.

[–] HurlingDurling@lemmy.world 3 points 1 week ago

Good. Since they drive their wealth from using the value of their stocks as leverage to get loans, having these stocks collapse will not only make their loans smaller (not sure by how much), but they will have to pay using more of their dividends than what they expected

In short, they will get less money and it will cost them more to pay it back.

[–] kikutwo@lemmy.world 3 points 1 week ago

Damn Globalists at it again huh? LMAO 🤣

[–] friendlyghost@lemm.ee 3 points 1 week ago

As Kendrick Lamar would say “it’s not enough”

[–] KeenFlame@feddit.nu 2 points 1 week ago

When someone has this much money, it doesn't matter if they buy the presidency, buy the media, buy the means to live, buy people's rights... It doesn't matter. They will never get the respect and love they desperately seek like all humans do. They will never love themselves until they understand that their wealth isn't earned and they aren't special. We don't consider ourselves better than anyone as a human and then not get depressed and lonely. It's not difficult for us to accept kinship with all humans, but almost impossible for them.

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