Billionaires At Trump’s Inauguration Have Now Lost A Combined $210 BILLION Since That Day

Donald Trump was flanked by the world’s three wealthiest men at his inauguration, and that’s a day that those men would probably like to forget. Since that moment, Elon Musk, Jeff Bezos, and Mark Zuckerberg have lost a combined $210 billion, with the majority of that coming from Musk’s net worth. They put their faith in a moron (Trump) who has no idea what he’s doing or why he’s doing it, and they are paying a hefty price for it. Ring of Fire’s Farron Cousins explains what’s happening.
 
Link – https://www.rawstory.com/trump-billio...

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

Positive stories are so hard to come by these days because let's face it, everything seems to suck. But in spite of the stock market crashing, in spite of the on again, off again, on again, off again, tariffs, in spite of the mass firings, in spite of whatever the hell Doge is doing, there was some positive news this week that I think we all need to take some solace in. And that positive news is that the billionaires that were on stage for Donald Trump's inauguration on January 20th, have now lost a collective $210 billion off of their net worth since that fateful day. That's right, folks. Donald Trump, a man who says he knows the economy better than anybody else, he knows business better than anybody else, is now responsible for one of the largest decreases in the net worth of America's billionaires that we have seen since the Great Depression.

And I gotta tell you, that is one accomplishment that we need to be praising Donald Trump for. He is actually doing what you know Bernie Sanders wants to do, and he is getting rid of billionaires. Here's what's happened. According to the reports the Trump aligned billionaires had enjoyed the period between Trump's election and inauguration as a boon for the world's wealthiest with several all-time highs recorded on the s and p 500 index. Five of the billionaires who sat behind Trump, as he took the oath of office, have now taken multi-billion dollar hits. The companies behind the inauguration attendees fortunes have been some of the biggest losers falling by a combined 1.43 trillion in market value Since January 17th, the last trading day before the inauguration, Elon Musk has lost the most. He has lost 145 billion. Jeff Bezos has lost 31 billion. Google founder, Serge Brynn has lost 23 billion. And Mark Zuckerberg has lost 8 billion. And, uh, Louis Vuitton's, CEO Bernard ar Arnault has lost 5 billion.

All of the gains that these billionaires had made from the election to the inauguration, and they made billions. All of those gains have now been erased. And not only have the gains been erased, they've lost more than that overall. They gambled on Trump and they're now down. They didn't walk away when they were up. You know, that's, that's the number one rule of gambling. You get up enough, you gotta walk away, you gotta stop. But they got greedy. They thought they could keep winning. Speaking of, doesn't Donald Trump always say, look, you're gonna get too tired of winning. All we do is win. How is, uh, how's that winning working out for you? America's billionaires, y'all happy? You feel good about yourselves?

No. All of sobs are getting exactly what you deserve. I wanna see you lose more. Honestly, I feel like you know Matthew McConaughey and the Wolf of Wall Street, like those are rookie numbers. We gotta get those losses up there into the 300, 400, 500 billion area. Let's wipe out the net worth of all of these people because each and every one of them deserves it. That's what should happen. It's probably not, they're gonna be just fine. Don't feel sorry. Don't shed a tear for the billionaire class, but do sleep a little easier tonight knowing that these people put their faith in Donald Trump and he has now cost them collectively hundreds of billions of dollars.