Summary
Tech moguls who supported Donald Trump—including Elon Musk, Jeff Bezos, and Mark Zuckerberg—lost billions after his “Liberation Day” tariff announcement triggered historic market losses. Standing behind Trump at his inauguration, they had backed his deregulation promises.
Meta dropped 8.96%, Amazon 8.98%, Apple over 9%, and Tesla 5.47%, wiping $208B from global billionaire wealth. Musk lost $8.7B, Bezos $16B, Zuckerberg $17.9B.
Despite their support, their companies face price hikes and AI infrastructure risks.
China’s 34% retaliatory tariffs intensify fears of a looming recession.
The billionaires didn’t “lose” anything. Their wealth is tied to the stocks they hold, and shares have zero actual value until they’re sold.
In other words, the billionaires are only billionaires on paper. Their actual, real worth is much less than that even in the best of times. What they do have, that their fake billions allows them to do, is the ability to dodge taxes. And that’s why we should hate them, not because of some fictional wealth figure attached to them.
They hold value as collateral for loans. They’re not completely valueless. Though it would be neat to see a margin call on Lonnie