Donald Trump’s first months have not been as expected by billionaires, Many expected an increase in their assets, but it has not been so. If during these weeks, the S&P 500, which includes the 500 most important actions throughout the United States, reached historical maximums, but after the announcement of the upload of tariffs, the opposite happened.
Elon Musk, the greatest affected
With a net worth of 380 billion dollars, It has suffered a drop of 104 billion dollars. Only with Tesla (its electric car company) has lost 44% of its value since Trump’s possession.
This Saturday Elon Musk participated by video calling in a rally of the viceprimer Italian minister Matteo Salvini, where he gave his New opinion about tariffs. “I hope that the United States and Europe can establish a very close collaboration. Obviously, there is already an alliance, but I trust that there may be a very close relationship between the United States and Europe. And for example with tariffs, I hope that, in the end, it is remembered that Both Europe and the United States should move towards a situation of zero tariffs, thus creating a free trade zone between Europe and North America ”
Musk’s opinion comes just a few days after the announcement that left his position in the newly created government efficiency department (Doge). The Trump administration took importance to the fact, stating that from the beginning it had been agreed to leave.
However, after the latest statements defending zero tariffs, it is speculated that His Doge departure could be related to political disagreements.
Elon Musk, is not the only one affected
- Tim Cook and the technological giant Apple, They lose 5%.
- Goal Directed by Mark Zuckerberg, it has fallen around 4% of its value.
- Jeff Bezos, with Amazon, loses 3% less than it was worth two months ago.
- Microsoft, It loses 2.4%, being one of the greats that loses least.
