{"id":100528,"date":"2025-03-13T10:07:48","date_gmt":"2025-03-13T10:07:48","guid":{"rendered":"https:\/\/nationaltimes.pk\/eng\/?p=100528"},"modified":"2025-03-13T10:07:48","modified_gmt":"2025-03-13T10:07:48","slug":"billionaires-bet-on-trump-backfires-as-market-wipeout-hits-209bn","status":"publish","type":"post","link":"https:\/\/nationaltimes.pk\/eng\/2025\/100528\/","title":{"rendered":"Billionaires&#8217; bet on Trump backfires as market wipeout hits $209bn"},"content":{"rendered":"\n<p>Pakistan(National Times)- ISLAMABAD: The billionaire class that celebrated Donald Trump\u2019s return to the White House is now reckoning with a costly miscalculation. Just seven weeks into his second term, the market rally that followed Trump\u2019s reelection has crumbled, wiping out $209 billion from the fortunes of the world\u2019s wealthiest investors. Tech magnates Elon Musk, Jeff Bezos, and Mark Zuckerberg,\u00a0<em>The News\u00a0<\/em>reported, have been among the hardest hit, as economic uncertainty, political turbulence, and renewed regulatory fears roil Wall Street.\u00a0 According to the\u00a0<em>Bloomberg<\/em>\u00a0<em>Billionaires Index<\/em>, the optimism that sent stocks soaring on expectations of pro-business policies has given way to a market correction that has shaved trillions off major tech and consumer stocks. For weeks after the election, investors revelled in the promise of lower taxes and deregulation. The S&amp;P 500 surged to record highs, Tesla\u2019s market value doubled, and Bernard Arnault\u2019s LVMH climbed 7% amid expectations of a luxury boom.\u00a0 Zuckerberg\u2019s Meta Platforms Inc even saw a 9% pre-inauguration rally, with an additional 20% surge in Trump\u2019s first four weeks. Musk briefly became the richest person in history with a $486 billion fortune. But markets, like politics, are fickle. Since then, the S&amp;P 500 has slid 6.4%, with tech leading the decline. Inflation concerns, conflicting trade signals, and shake-ups in government policy have eroded investor confidence. The so-called \u201cMagnificent Seven\u201d\u2014Alphabet, Amazon, Apple, Microsoft, Meta Platforms, Nvidia, and Tesla\u2014have seen their combined market capitalisation shrink by $2.7 trillion within Trump\u2019s first 50 days.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Biggest losers among billionaires<\/h2>\n\n\n\n<p>\u2022 Elon Musk (-$148B): Musk\u2019s net worth peaked at $486 billion on December 17, the largest ever recorded on&nbsp;<em>Bloomberg\u2019s<\/em>&nbsp;wealth index. Tesla stock, which nearly doubled post-election, has since erased all gains. Sales in Germany have plummeted over 70%, while Chinese deliveries hit their lowest since July 2022, falling 49% last month.<\/p>\n\n\n\n<p>\u2022 Jeff Bezos (-$29B): Amazon shares have slumped 14% since mid-January, despite Bezos\u2019 efforts to smooth relations with Trump, including a $1 million donation to his inauguration fund.<\/p>\n\n\n\n<p>\u2022 Sergey Brin (-$22B): The Google co-founder, who holds a 6% stake in Alphabet, initially opposed Trump\u2019s policies but later sought dialogue. Alphabet shares fell 7% in February after missing revenue estimates, and the company is under pressure from the Justice Department to break up its search unit.<\/p>\n\n\n\n<p>\u2022 Mark Zuckerberg (-$5B): Meta led the Magnificent Seven in early 2025, posting a 19% gain between mid-January and mid-February. However, those gains have since evaporated, with Meta\u2019s value now down 20% from its mid-December peak.<\/p>\n\n\n\n<p>\u2022 Bernard Arnault (-$5B): The French luxury tycoon\u2019s LVMH initially soared 20% post-election but has since pared gains amid fears of US tariffs on European luxury goods and weakening demand.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pakistan(National Times)- ISLAMABAD: The billionaire class that celebrated Donald Trump\u2019s return to the White House is now reckoning with a costly miscalculation. Just seven weeks into his second term, the market rally that followed Trump\u2019s reelection has crumbled, wiping out $209 billion from the fortunes of the world\u2019s wealthiest investors. Tech magnates Elon Musk, Jeff [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":100529,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-100528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Billionaires&#039; bet on Trump backfires as market wipeout hits $209bn - Nation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationaltimes.pk\/eng\/2025\/100528\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Billionaires&#039; bet on Trump backfires as market wipeout hits $209bn - Nation\" \/>\n<meta property=\"og:description\" content=\"Pakistan(National Times)- ISLAMABAD: The billionaire class that celebrated Donald Trump\u2019s return to the White House is now reckoning with a costly miscalculation. Just seven weeks into his second term, the market rally that followed Trump\u2019s reelection has crumbled, wiping out $209 billion from the fortunes of the world\u2019s wealthiest investors. Tech magnates Elon Musk, Jeff [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationaltimes.pk\/eng\/2025\/100528\/\" \/>\n<meta property=\"og:site_name\" content=\"Nation\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-13T10:07:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationaltimes.pk\/eng\/wp-content\/uploads\/2025\/03\/image-670x370-34-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"670\" \/>\n\t<meta property=\"og:image:height\" content=\"370\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"humza Jahangir\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"humza Jahangir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2025\/100528\/\",\"url\":\"https:\/\/nationaltimes.pk\/eng\/2025\/100528\/\",\"name\":\"Billionaires' bet on Trump backfires as market wipeout hits $209bn - Nation\",\"isPartOf\":{\"@id\":\"https:\/\/nationaltimes.pk\/eng\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2025\/100528\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2025\/100528\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nationaltimes.pk\/eng\/wp-content\/uploads\/2025\/03\/image-670x370-34-2.png\",\"datePublished\":\"2025-03-13T10:07:48+00:00\",\"author\":{\"@id\":\"https:\/\/nationaltimes.pk\/eng\/#\/schema\/person\/27efa35fa76e99f3ad7e7397d7332c16\"},\"breadcrumb\":{\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2025\/100528\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationaltimes.pk\/eng\/2025\/100528\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2025\/100528\/#primaryimage\",\"url\":\"https:\/\/nationaltimes.pk\/eng\/wp-content\/uploads\/2025\/03\/image-670x370-34-2.png\",\"contentUrl\":\"https:\/\/nationaltimes.pk\/eng\/wp-content\/uploads\/2025\/03\/image-670x370-34-2.png\",\"width\":670,\"height\":370},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/2025\/100528\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationaltimes.pk\/eng\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Billionaires&#8217; bet on Trump backfires as market wipeout hits $209bn\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/#website\",\"url\":\"https:\/\/nationaltimes.pk\/eng\/\",\"name\":\"Nation\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationaltimes.pk\/eng\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/#\/schema\/person\/27efa35fa76e99f3ad7e7397d7332c16\",\"name\":\"humza Jahangir\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationaltimes.pk\/eng\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/43feedd99bd6a90080d1621b7e6604364acb673ee979d3ffe5075557c14c68b9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/43feedd99bd6a90080d1621b7e6604364acb673ee979d3ffe5075557c14c68b9?s=96&d=mm&r=g\",\"caption\":\"humza Jahangir\"},\"url\":\"https:\/\/nationaltimes.pk\/eng\/author\/humza\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Billionaires' bet on Trump backfires as market wipeout hits $209bn - Nation","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationaltimes.pk\/eng\/2025\/100528\/","og_locale":"en_US","og_type":"article","og_title":"Billionaires' bet on Trump backfires as market wipeout hits $209bn - Nation","og_description":"Pakistan(National Times)- ISLAMABAD: The billionaire class that celebrated Donald Trump\u2019s return to the White House is now reckoning with a costly miscalculation. Just seven weeks into his second term, the market rally that followed Trump\u2019s reelection has crumbled, wiping out $209 billion from the fortunes of the world\u2019s wealthiest investors. 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