According to the latest analysis from the Bloomberg Billionaires Index, a significant shift in wealth has been observed amid key billionaires associated with the recent political changes. Over the past seven weeks, since the commencement of Trump’s second term, notable figures like Elon Musk experienced a staggering decline in his personal fortune, amounting to $148 billion. Similarly, Jeff Bezos recorded a net worth decrease of $290 billion. Other notable losses include Sergey Brin, whose wealth fell by $220 billion, and Mark Zuckerberg, who saw a dip of $50 billion due to the downturn in Meta’s market value.
Furthermore, Bernard Arnault, the head of LVMH, faced a similar fate with a $50 billion reduction in wealth. Since January 17th, the last trading day prior to the inauguration, the companies tied to these billionaire attendees have collectively lost $1.39 trillion in market value, reflecting broader economic trends and investor sentiments in the crypto market.