"That's how you feel when you win," Elon Musk said happily on the day Donald Trump was sworn in, adding that he was very excited about the future. Now, as Trump has completed 100 days since his return as a resident of the Oval Office, much of the optimism has faded as the U.S. stock market experiences its worst start in 50 years, with the S&P 500 and Dow Jones down 8 percent amid the U.S. tariff war. Who won and who lost billions in these first 100 days of Trump's administration?
HDN Newsroom
No one has been hit harder than Musk, who became $45 billion. dollars poorer than it was on the second day of Trump's inauguration, while Tesla's stock since the beginning of 2025 has plummeted 33%. However, he is not the only billionaire who is "impoverished" in the midst of Trump 2.0. In total, America's approximately 800 billionaires by 300 billion euros. "broken" since January 20.
Along with Musk, the biggest losers include Amazon's Jeff Bezos, Oracle's Larry Ellison and Google's Ellison Page, three tech moguls who took prominent positions just behind Trump's family at his inauguration. Since then, they have lost 35 billion euros. $28 billion. and $27 billion. dollars, respectively.
Other prominent Trump supporters have also lost billions, such as Meta's Mark Zuckerberg with a drop of $21.5 billion. Dollars. Blackstone co-founder Stephen Schwartzman, who initially said he would not support his longtime friend's 2024 campaign but eventually backtracked, is $11 billion. poorer.
Of course, some billionaires have managed to get richer by taking advantage of market volatility, such as Warren Buffett. Berkshire Hathaway sold $134 billion. dollars in stocks in 2024 on a bull market and at the end of the year it found itself sitting on a "cushion" of a record 334 billion dollars. Dollars. The amount is almost double from a year earlier and exceeds the shrinking of its equity portfolio, which reaches 272 billion euros. dollars.
Other big billionaire winners so far: Peter Till ($4.9 billion increase) and Alexander Karp (+$3.6 billion), as Palantir is the most popular U.S. stock today (up +340.5% in 2024). Meanwhile, Walmart founder Sam Walton's three surviving children are at least $3 billion. As consumers flock to the retail giant amid persistent inflation.
The 10 billionaires who lost the most:
Elon Musk (Tesla, SpaceX): - $45.3 billion
Jeff Bezos (Amazon): - $34.8 billion
Larry Ellison (Oracle): - $28.2 billion
Larry Page (Google): - $27.4 billion
Sergey Brin (Google): - 25.6 billion dollars.
Jensen Huang (Nvidia): - $24.9 billion
Mark Zuckerberg (Meta): - $21.5 billion
Michael Dell: - $16.8 billion
Stephen Schwarzman (Blackstone): - $10.9 billion
Steve Balmer (Microsoft): - $8.4 billion
Billionaire winners after Trump's first 100 days:
Warren Buffett (Berkshire Hathaway): +19.6 billion
Peter Thiel (Facebook): +4.9 billion
Brad Jacobs (Logistics): +4 billion
Alexander Karp (Palantir): +3.6 billion
Rob Walton & Family (Walmart): +3.1 billion
Jim Walton & Family (Walmart): +3.1 billion
Alice Walton (Walmart): +3 billion
Robert Douglas (Biotechnology and Healthcare): +$2.9 billion
Bill Gates (Microsoft): +2.5 billion dollars
