Although President Donald Trump has many plans to boost the US economy, not everything is going smoothly, especially for the Wall Street elite.
It used to be thought that Trump's best friend could raise stocks, but it turns out that he only raised blood pressure!
From smiling broadly during the inauguration, now Trump's billionaire gang may be looking for cheap tissue promotions to wipe away tears after £162 billion was simply burned.
Musk, who is Trump's bff, continued to suffer the biggest losses with a loss of £115 billion after Tesla's shares plummeted.
The same situation also happened to Amazon, Meta, Alphabet, and LVMH, which have lost more than £1 trillion in market value.
Despite the storm of losses, Musk still holds the throne as the world's richest individual with £233 billion, while Bezos is still worth £167 billion despite losing £22 billion.
Zuckerberg and Arnault each lost £4 billion, bringing their wealth to £164 billion and £142 billion.
With Trump imposing tariffs on various countries, fears of a recession are growing.
Once “Trump Bump,” now “Trump Dump.” The stock market doesn’t lie, it’s just egos that still refuse to admit it.
