Modern-day Moguls Take a Financial Hit After Trump's Inauguration
Tech Billionaires' Wealth Slip under Trump's First 100 Days: Musk and Bezos Led the Losses
Let's take a look at how some of the richest tech billionaires are faring financially since Donald Trump took office.
Technology titans like Elon Musk, Jeff Bezos, Mark Zuckerberg, and Jensen Huang, who were among the attendees at Trump's inauguration or donated to the inaugural fund, have experienced a significant drop in their net worth since January 2025.
Elon Musk has experienced the steepest financial decline, losing a whopping $114 billion from his net worth of $449 billion, making him the world's richest person, albeit with fewer billions in his pocket. Musk's close association with the Trump administration as an advisor has had consequences. After Tesla, Musk's electric vehicle company, was met with protests, the business saw a nearly 25% dip in stock this year.
Jeff Bezos's wealth has also taken a hit, with an estimated loss of $36 billion, primarily due to the impacts of the U.S-China tariff war on Amazon's business. Analysts attribute Amazon's susceptibility to this situation to the vast number of products sold on the platform, which come from China.
Mark Zuckerberg has seen a drop of approximately $22 billion, primarily due to Meta's declining stock value amidst market disruptions and regulatory challenges. Zuckerberg's relationship with Trump was never cordial, with the former President repeatedly criticizing the Meta CEO.
Jensen Huang, too, has suffered a financial setback with an estimated loss of around $21.6 billion. Huang's wealth, like that of many tech billionaires, depends heavily on the success of their respective companies. In Huang's case, Nvidia, which is his primary source of wealth, has seen its stock fall by over 21% this year, facing several setbacks, including tariffs imposed by the Trump administration, as the company sources a significant portion of its chips from abroad.
Notably, other tech giants, such as Tim Cook of Apple and Sundar Pichai of Google, also experienced declines in their companies' stock prices after supporting Trump. While their exact net worth changes are not public due to their absence on the Bloomberg Billionaires Index, Apple and Alphabet (Google's parent company) have seen their stocks fall by nearly 14% and 15% respectively this year.
In summary, the tech industry's prominent figures have experienced financial turbulence since Trump took office, with trade wars, government policies, and market volatility playing crucial roles in their declining fortunes.
- What was the outcome of Elon Musk's close association with the Trump administration as an advisor? His electric vehicle company, Tesla, saw a nearly 25% dip in stock this year.
- Jeff Bezos' wealth has taken a significant hit due to the impacts of the U.S-China tariff war on Amazon's business, with an estimated loss of $36 billion.
- Mark Zuckerberg has seen a drop of approximately $22 billion, primarily due to Meta's declining stock value amidst market disruptions and regulatory challenges.
- Jensen Huang's financial setback includes an estimated loss of around $21.6 billion, largely because Nvidia, his primary source of wealth, has seen its stock fall by over 21% this year.
- Trade wars, government policies, and market volatility have played crucial roles in the financial turbulence experienced by the tech industry's prominent figures since Trump took office, including Tim Cook of Apple and Sundar Pichai of Google, who also experienced declines in their companies' stock prices after supporting Trump.
