“This is how the victory feels,” Elon Musk said the day Donald Trump assumed the position. “I am super excited about the future … one of the American values that I love most is optimism.”
Now, when Donald Trump begins his hundredth day back to office, much of optimism has vanished since the US stock market has had its worst start in 50 years, with the S&P 500 and the industrial average Dow Jones falling almost 8% in the middle of Trump’s tariff war.
No one has been as affected as Musk, who is 45 billion dollars poorer than the day of Trump’s second investiture. Musk has begun to be played on social networks with Peter Navarro, Trump’s tariff hawk, has announced that he will stop directing the Trump government efficiency department and has had to focus on its electric cars manufacturer, Tesla, after fear of tariffs and the increasingly unpopular Musk political initiatives made their actions fall 33%.
It is not the only billionaire that has suffered a great loss during the Trump 2.0 era. In total, the approximately 800 American billionaires have lost $ 300 billion since January 20. Together with Musk, among the 10 largest losers (in terms of dollars), there are Jeff Bezos de Amazon, Sergey Brin by Alphabet and Mark Zuckerberg of Meta, three technological magnates who held prominent positions just behind the first family in Trump’s investiture and that, since then, have lost 35 billion dollars, 26 billion dollars and 22,000 million dollars in wealth, respectively.
Other prominent supporters of Trump have also lost billions. Larry Ellison, from Oracle, who met with Trump the day after the investiture as part of an artificial intelligence infrastructure initiative of 500,000 million dollars, is the third largest loser in the United States to date, behind Musk and Bezos, with a loss of 28,000 million dollars. The Blackstone co -founder, Stephen Schwarzman, who initially said he would not support the 2024 campaign of his old friend, but soon retracted, is 11,000 million dollars poorer.
Of course, some billionaires have managed to enrich themselves despite unstable markets. Warren Buffett, who described tariffs as “an act of war, to some extent” before Trump’s announcement, has kept Berkshire Hathaway stable, accumulating a record of 334 billion dollars from the money of the conglomerate in cash and cash equivalents. That has helped boost shares 13% since Trump assumed the position, adding almost $ 20 billion to the net worth of the Omaha oracle. Other large billionaire winners so far: Peter Thiel (up to 4.9 billion) and Alexander Karp (3.6 billion), whose data mining firm promoted by the Palantir is the most popular action in the United States, thanks in part to defense and software contracts with US government agencies. Meanwhile, the three surviving children of the founder of Walmart, Sam Walton (who died in 1992), are each at least 3 billion richer, since consumers have made mass to the retail giant amid high inflation; Last week, the Walmart CEO, Doug McMillon, met with Trump to argue against tariffs. And while the former Microsoft CEO, Steve Ballmer, who has maintained much of his wealth in technological giant shares, has lost 8,000 million dollars so far in the process, Founder Bill Gates has diversified his fortune in a wide range of investments, including a 35% participation in the Republic Services waste company (which rose 15%), which helps him become a large winner.
President Trump, meanwhile, has not been kind to businessman Trump. The fortune of the commander in chief has dropped $ 1.5 billion since he took over the US government. It is clearly paying attention to oscillations. Standing at the Oval office on April 9, Trump pointed to the Charles Schwab brokerage billionaire: “He won $ 2.5 billion today,” he boasted, and then turned to the automotive billionaire Roger Penske: “And won $ 900 million.” Both fortunes have continued to increase since then, but after accumulating huge losses in the early Trump’s first 100 days, Schwab is only $ 375 million, or 3%, richer than the last day of Joe Biden’s presidency. Penske, meanwhile, is $ 1.1 billion poorer.
Here are the 10 greatest losers and the 10 greatest American winners of Trump’s second presidency, from his hundredth day in office.
*Based on American citizens with most of their heritage in companies that quote on the stock market. Net equity variations Measures from the closure of the market of January 17, 2025 until the closure of the market of April 28, 2025.
The biggest losers:
Source of wealth: Microsoft
Net Heritage: 117.6 billion dollars
Losses from Trump’s possession: -8.4 billion dollars
Source of wealth: Blackstone
Net Heritage: 41.6 billion dollars
Loss: -$ 10.9 billion
Source of wealth: Dell Computers
Net Heritage: 98.2 billion dollars
Loss: -$ 16.8 billion
Source of wealth: Facebook
Net Heritage: 190.3 billion dollars
Loss: -$ 21.5 billion
Source of wealth: Nvidia
Net Heritage: 95.2 billion dollars
Loss: 24.9 billion dollars
Source of wealth: Google
Net Heritage: 128.4 billion dollars
Loss: -$ 25.6 billion
Source of wealth: Google
Net Heritage: 134 billion dollars
Loss: -$ 27.4 billion
Source of wealth: Oracle
Net Heritage: 176.4 billion dollars
Loss: -$ 28.2 billion
Source of wealth: Amazon
Net Heritage: 204.6 billion dollars
Loss: -$ 34.8 billion
Source of wealth: Tesla, SpaceX
Net Heritage: 388.6 billion
Loss: -45.3 billion
The biggest winners:
Source of wealth: Microsoft
Net Heritage: 108.9 billion dollars
Revenue: +$ 2.5 billion
Source of wealth: Pharmaceutical products
Net Heritage: 15.4 billion dollars
Revenue: +$ 2.9 billion
Source of wealth: Walmart
Net Heritage: 104.4 billion dollars
Revenue: +3 billion
Source of wealth: Walmart
Net Heritage: 112.2 billion dollars
Revenue: +3.1 billion
Source of wealth: Walmart
Net Heritage: 113.4 billion dollars
Revenue: +3.1 billion
Source of wealth: Palantir
Net Heritage: 10.6 billion dollars
Revenue: +3.6 billion
Source of wealth: smartphones
Net Heritage: 15 billion dollars
Revenue: +3.7 billion
Source of wealth: Logistics
Net Heritage: 12.6 billion dollars
Revenue: +4 billion
Source of wealth: Facebook, investments
Net Heritage: 19.3 billion dollars
Revenue: +4.9 billion
Source of wealth: Berkshire Hathaway
Net Heritage: 165.8 billion dollars
Revenue: +19.6 billion
This article was originally published by Forbes Us.
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