Billionaires have lost a whopping $209 billion since attending President Donald Trump’s inauguration in January.
Trump made his return to the White House earlier this year and many were surprised to see that some of the world’s wealthiest people were in attendance for the event.
This included billionaires such as Mark Zuckerberg, Jeff Bezos and – of course – Elon Musk.

And while the stock market was looking flush with funds at the time, things have taken a turn for the worse.
According to the Bloomberg Billionaires Index, five billionaires who were present at the inauguration have since lost a combined total of $209 billion.
Both Zuckerberg and Bernard Arnault, who is the CEO of LVMH, are down by $5 billion each.
Sergey Brin, the former president of Google’s parent company Alphabet, has lost $22 billion in wealth.
Bezos’ net worth has shrunk by $29 billion, but nothing compares to the biggest loss experienced by Musk.
The Tesla boss has lost a whopping $148 billion since the start of this year.
And there could be a simple explanation as to why Musk has seen the biggest hit to his finances in recent weeks.
According to a report by Entrepreneur, this is due to a plummet in Tesla share prices, which have dropped from $404 to $263 this year.
And this dip may be a result of Musk’s close proximity to the Trump administration after taking on the role of the head of the Department of Government Efficiency (DOGE).
While technically not a government department, DOGE is purported to act as an outside advisor to the president on federal spending.

Although, concerns have been raised over Musk’s access to confidential data in the Treasury payment system and his close proximity to government seems to have ruffled a few feathers within Tesla too.
Wedbush analyst Dan Ives said, as per Barrons: “While the DOGE/Trump Musk iron-clad partnership has created major brand worries for Tesla … we estimate less than five percent of Tesla sales globally are at risk from these issues.
“We expect Musk will better balance his time between DOGE and Tesla/SpaceX over the course of 2025.”
Although, Tesla shareholders have been publicly venting their thoughts on the billionaire now splitting his time between various job roles.
One shareholder even demanded on X, formerly Twitter, that Musk share ‘five things he’s done for them this week’.
The jibe appeared to use Musk’s own words against him as it referenced a controversial email sent out by the Department of Government Efficiency (DOGE) which demanded federal employees justify their paychecks.

Combined net worth of big-name billionaires at Trump’s inauguration came to an insane $1,350,000,000,000
Money certainly talked at President Trump’s inauguration this week, as the combined wealth of the billionaires present at the event soared over $1,350,000,000,000 in total.
If you’ve been following the news then it’ll come as no shock that many of the world’s richest individuals congregated at Donald Trump’s presidential inauguration on Monday.
The attendance of Elon Musk is certainly not a surprise as the Tesla CEO has become a close ally of Trump’s and is currently head of new advisory board titled the Department of Government Efficiency (DOGE) – although with no wage taken this won’t be contributing to his extraordinary wealth.
However, some of the biggest names in tech like Mark Zuckerberg, Jeff Bezos, and Tim Cook have all given their own financial contributions to Trump’s administration, and that earned them a front-row seat to see him sworn in for a second term.

As per Forbes, the combined net worth of the billionaires in attendance stretched beyond $1,350,000,000,000, showing the staggeringly concentrated wealth that just a few people hold in America.
Looking at the Bloomberg Billionaires Index, we can see that many of the richest names on the list were guests, including four of the wealthiest five.
Those four individuals alone, which include Musk ($447bn), Bezos ($249bn), Zuckerberg ($218bn), and Bernard Arnault ($194bn), hold a combined net worth of $1,108,000,000,000 alone, and then you have countless names like Google founder Sergey Brin ($165bn) and Microsoft’s Bill Gates ($163bn) shortly after.
Many of these names also experienced a significant boost to their financial fortunes following Trump’s November election victory, which saw an increase of around $63 billion to the ten richest on the list immediately after the result came in.
This was likely due to the significant stock bumps in the tech industry, where many of the wealthiest individuals sourced their funds from, as Trump is expected to relax regulations and focus on the industry.

Based off estimates from the US Federal Reserve, the money held by billionaires at the inauguration is at least 0.84% of the total household wealth across America, indicating a significant concentration of funds in the richest few. Data also indicates that the richest 1% of America holds around 23.8% of the total wealth, but those in attendance will be just a fraction of even that top bracket.
Even the president himself has majorly benefitted following his election win, as the release of a Trump-themed cryptocurrency meme coin which he invested around 80% of his net worth in has soared on the market, making over 500 others millionaires overnight.