According to Odaily, data from the Bloomberg Billionaires Index reveals that several billionaires have experienced substantial losses in their net worth since the last trading day before U.S. President Donald Trump’s inauguration on January 17. The combined market value of their associated companies has decreased by $1.39 trillion. Notably, five top billionaires have seen significant reductions in their personal fortunes: Elon Musk’s wealth has decreased by $148 billion, Jeff Bezos has lost $29 billion, Google co-founder Sergey Brin’s assets have shrunk by $22 billion, Meta’s stock decline has resulted in a $5 billion loss for Mark Zuckerberg, and LVMH’s stock adjustment has reduced Bernard Arnault’s wealth by $5 billion. In the first seven weeks of Trump’s second term, these billionaires’ companies have been the most affected in the market, experiencing significant financial setbacks. Read More (Note: This news is imported from Binance news)
Billionaires Experience Significant Wealth Decline Amid Market Downturn (imported from Binance News)
According to Odaily, data from the Bloomberg Billionaires Index reveals that several billionaires have experienced substantial losses in their net worth since the last trading day before U.S. President Donald Trump's inauguration on January 17. The combined market value of their associated companies has decreased by $1.39 trillion. Notably, five top billionaires have seen significant reductions in their personal fortunes: Elon Musk's wealth has decreased by $148 billion, Jeff Bezos has lost $29 billion, Google co-founder Sergey Brin's assets have shrunk by $22 billion, Meta's stock decline has resulted in a $5 billion loss for Mark Zuckerberg, and LVMH's stock adjustment has reduced Bernard Arnault's wealth by $5 billion. In the first seven weeks of Trump's second term, these billionaires' companies have been the most affected in the market, experiencing significant financial setbacks.
