The three tech billionaires Elon Musk, Jeff Bezos and Mark Zuckerberg withdrew big money when Donald Trump was elected president-and joined his installation at the end of January.
Since then, they have lost almost SEK 1,700 billion.
The background is the strong stock market rise after Trump was elected president in November, when investors were hoping for favorable business policy messages. But the Trump administration’s mass reductions in the public sector and ambiguities about commerce duties have instead created concern and stock market breed.
Since January 17, the S&P 500 index has lost 6.4 percent, and the shares in the companies that reversed the president have fallen a total of SEK 14 trillion in value.
Musk’s billion
Elon Musk has lost most. On December 17, his wealth amounted to almost SEK 5,000 billion – the highest ever noted on Bloomberg’s wealth list.
Since then, Tesla’s rise has been blurred and Musk has lost almost SEK 1,500 billion.
Demand for electric cars has also been dampened by a negative attitude in Europe, where Germany’s sales decreased 70 percent since the turn of the year. Deliveries to China have also dropped a lot.
On Monday, the American technology -heavy stock exchange Nasdaq had its worst day since 2022. Tesla’s share collapsed another 15.4 percent.
Blood red on the stock exchanges
Amazon founder Jeff Bezos has lost close to $ 300 billion since Trump’s installation and the company’s share has backed 14 percent during the period.
Mark Zuckerberg and his meta have also backed down – and the CEO himself has lost about SEK 50 billion.
Other billionaires who have been affected by Trump’s severe throws regarding tariffs – and not least this weekend’s statement that he cannot exclude a recession next year – is the luxury empire LVMH’s founder, Frenchman Bernard Arnault, and Google co -founder Sergei Brin.
Sergei Brin’s wealth has decreased by around $ 220 billion.