Business & Economy

Tech Billionaires Lose $300 Billion in Trump’s First 100 Days

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In a dramatic economic shift, tech moguls including Elon Musk, Jeff Bezos, and several other U.S. billionaires have collectively lost over $300 billion during President Donald Trump’s first 100 days back in office, according to a recent Forbes report.

Tesla’s CEO Elon Musk, now heading the Department of Government Efficiency (DOGE), reportedly saw his wealth shrink by over $45 billion—marking the largest individual financial decline. The drop is attributed to political controversies and Tesla’s 33% stock slide amid supply chain concerns.

Amazon founder Jeff Bezos also saw a staggering $34.8 billion wiped off his net worth, while Google’s Larry Page and Sergey Brin lost $27.4 billion and $25.6 billion respectively. Meta’s Mark Zuckerberg followed with a $21.5 billion loss, and Oracle’s Larry Ellison dropped $28.2 billion.

The tech sector’s massive losses are linked to stock market volatility—the S&P 500 and Dow Jones both falling nearly 8%—as Trump’s renewed trade war and tariff policies roiled investor confidence.

Despite the downturn, Warren Buffett emerged as an outlier, posting gains amid the market’s rocky start under the new administration.

Mike Ojo

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