PANews reported on March 11 that the expectation that Trump's second term would drive market gains higher has been dashed. At Trump's inauguration, the wealth of many billionaires sitting behind him has shrunk dramatically. According to the Bloomberg Billionaires Index, the wealth of five of them has evaporated by a total of $209 billion. Compared with the day Trump was sworn in (January 20), Musk's personal net worth has shrunk by $148 billion, Bezos' personal wealth has fallen by $29 billion, Google co-founder Brin's wealth has lost $21 billion, and Zuckerberg and Arnault's wealth have evaporated by $6 billion and $5 billion respectively. The wealth of these five rich people has shrunk by a total of $209 billion. Yesterday alone, the wealth of the five rich people dropped by a total of $49.78 billion.
