Trump's First 100 Days Causes $300 Billion Loss for U.S. Billionaires

During the first 100 days of President Donald Trump's second term, America's wealthiest individuals, particularly tech billionaires like Elon Musk, Jeff Bezos, and Mark Zuckerberg, have collectively lost over $300 billion, according to multiple reports. The U.S. stock market experienced its worst start to a presidential term in 50 years, with the S&P 500 and Dow Jones Industrial Average both falling nearly 8% amid renewed trade tensions and aggressive tariff policies from the Trump administration. Musk suffered the largest personal loss, with his net worth declining by over $45 billion as Tesla's stock fell 33% due to supply chain concerns and his contentious political stance. Other major losses include Bezos (down about $35 billion), Google co-founders Sergey Brin and Larry Page, and Meta's Mark Zuckerberg. In contrast, Warren Buffett saw his fortune grow by nearly $20 billion, and the Walton family and certain tech executives benefiting from federal contracts also posted gains. Even President Trump faced a reported $1.5 billion drop in net worth, largely attributed to a sharp decline in Trump Media & Technology Group’s stock price.