You're Fired! Why Billionaires Backing Trump Should Think Twice
- Elon Musk's net worth has decreased by $157 billion since its peak of $486 billion in December 2024, primarily due to a drop in Tesla's stock value.
- Tesla sales in Germany have fallen by more than 70 percent in the first two months of 2025, influenced by consumer dissatisfaction.
- Alphabet's shares dropped over 7 percent in early February 2025 after missing revenue estimates, coinciding with scrutiny from the US Justice Department.
- The Magnificent Seven index, which includes major tech companies, is down 21 percent since mid-December 2024, affecting the wealth of several billionaires.
22 Articles
22 Articles
Is that why they supported him? Elon Musk and other millionaires lose more than 209 thousand mdd after Trump’s return
On January 20, when Donald Trump swore as President of the United States, he was surrounded by some of the richest people in the world. The billionaires present that day, including Elon Musk, Jeff Bezos, and Mark Zuckerberg, had never been richer, and had made big profits from the stock markets. Seven weeks later, the story is different. Trump’s second term has brought a surprising change for many of the billionaires who sit behind Trump in the …
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