In the first 100 days of President Donald Trump’s term, several tech billionaires who supported him experienced a significant decline in their net worth. These billionaires, including Elon Musk, Jeff Bezos, Mark Zuckerberg, and Jensen Huang, collectively lost approximately $193.6 billion according to the Bloomberg Billionaires Index.
Elon Musk, whose net worth dropped from $449 billion to $335 billion, suffered the largest loss of $114 billion. Musk’s involvement with the White House and his advisory role led to controversies, notably protests against Tesla due to his association with the DOGE office. Tesla’s stock price has fallen by nearly 25% this year.
Jeff Bezos saw his wealth decrease from $245 billion to $209 billion, a loss of $36 billion. Amazon, the company Bezos founded, is vulnerable to Trump’s trade war, particularly the 145% tariff on Chinese goods.
Mark Zuckerberg’s net worth fell from $217 billion to $195 billion, losing $22 billion. Zuckerberg faced criticism from Trump on social media platforms and continues to battle an ongoing antitrust lawsuit.
Jensen Huang, CEO of Nvidia, did not attend the inauguration but contributed $1 million to the inaugural fund. His wealth declined from $117 billion to $95.4 billion due to Nvidia’s stock falling over 21% this year, partly because of Trump’s tariffs affecting chip exports to China.
— new from Business Insider