The latest Forbes report has highlighted how Tech giants such as Elon Musk, Jeff Bezos, and America’s wealthiest individuals collectively lost more than $300 billion in the first 100 days of President Donald J. Trump’s second term.
Since January 20, Musk’s fortune has shrunk by more than $45 billion, the largest individual decline among U.S. billionaires.
The report said the U.S. stock market posted its worst start to a presidential term in 50 years.
S&P 500 and Dow Jones Industrial Average were down nearly 8% each amid a trade war fueled by President Trump’s renewed focus on tariffs.
Tesla, owned by Musk, has fallen 33% amid investor concerns about supply chain disruptions and his increasingly contentious political alignments.
