The "U.S. Stock Flash Crash" supported Trump's 5 richest people lost more than $200 billion in wealth

Trump's second term is off to a bad start, market confidence is collapsing, billionaire wealth continues to shrink, investors turn to safe-haven assets, and the market is likely to be further shaken. (Synopsis: Why did Bitcoin fall below 80,000? White House crypto summit mixed reviews, Trump tariff war deepens, recession looms, U.S. stocks plummet) (Background supplement: buy bitcoin money? Trump ordered the establishment of a US sovereign fund, revenue or from tariffs, former senior generals of Morocco) US President Donald Trump officially began his second term on January 20, and the billionaires who attended the inauguration on that day ushered in the peak of wealth after the election. But just seven weeks later, the net worth of these billionaires has shrunk significantly. According to the Bloomberg Billionaires Index, five billionaires, including tech giants such as Elon Musk, Jeff Bezos and Mark Zuckerberg, have collectively lost $209 billion. Policy expectations, which once fueled the market boom, are now the trigger for market turmoil. Market optimism disappointed, stock market plunges to hit rich wealth From Trump's victory to his inauguration, investors bet that the new administration will bring looser corporate policies and tax cuts, and money poured into the stock and cryptocurrency markets, with the S&P 500 reaching new highs. In this wave of craze, Musk's Tesla stock price soared 98% in the weeks after the election, hitting a record high; LVMH rose 7% in the week before taking office, adding $12 billion to Bernard Arnault's wealth; Even Meta (formerly Facebook), which blocked Trump, rose 9% before taking office and another 20% in four weeks after the new administration took office. However, this market spree did not last long. Since Trump officially took office, the S&P 500 index has given up 7%, and on Monday it plunged 3% in a single day. Large-scale layoffs, repeated attitudes toward tariffs, and market uncertainty about the government's economic direction have led investors to withdraw from risky assets. The market capitalization of the billionaire's core companies also took a hit, wiping a total of $1.43 trillion. Musk's wealth has shrunk by more than $140 billion Musk (Tesla) Musk's net worth climbed to $486 billion on December 17, 2024, setting a record in the Bloomberg Billionaires Index. However, Tesla's stock price gave up all of its gains in this wave of sell-offs, causing Musk's fortune to shrink by $145 billion. Consumers in the European market are disgusted by Musk's public support for far-right politicians, with Tesla's sales in Germany plummeting more than 70% in the first two months of the year, and shipments in China also plummeting 49% last month to their lowest point since July 2022. Amazon Bezos has strained with Trump in the past over USPS subsidies and The Washington Post. However, he quickly courted Trump after the election, and Amazon even donated $1 million to Trump's inaugural fund last December and had dinner with Trump in February. But the market didn't buy it, and Amazon's share price has fallen 15% since January 17, and Bezos's net worth has shrunk by $3.1 billion. Brin (Alphabet) Bring, co-founder of Google (now Alphabet), went to San Francisco airport to protest in person in 2017 when the Trump administration imposed an immigration ban. However, after Trump's re-election last November, he showed up at Mar-a-Lago to have dinner with Trump, which attracted attention. Alphabet reported earnings in early February, revenue fell short of market expectations, and its stock price plunged 7% in a single day. In addition, pressure from the U.S. Department of Justice (DOJ) to break up Google's search business worried investors, and Brin's fortune lost $2.3 billion. Market panic intensifies, money pours into safe-haven assets Market confidence in Trump's new term has completely collapsed in just a few weeks. On Monday, the Nasdaq 100 plunged 3.8%, its worst one-day decline since 2022; Bitcoin fell to a four-month low as investors poured into U.S. Treasuries in search of safety. Market turmoil is mainly caused by Trump's tariff policy, government spending cuts and geopolitical uncertainty, which have investors preparing for a possible recession. However, Trump is expected to meet with the chief executives of major companies on Tuesday, and the market will closely monitor the results of the meeting to determine whether the administration will send a signal to stabilize the market. Related reports Why Bitcoin fell below 80,000? White House crypto summit mixed reviews, Trump tariff war deepens, recession concerns, U.S. stocks plummet, buy bitcoin money? Trump ordered the establishment of a US sovereign fund, revenue or from tariffs, former senior general Peter Schiff bombarded the Trump Crypto Summit: "Shame on America"! The White House was kidnapped by crypto factions, "U.S. stock flash crash" supported Trump's 5 richest people lost more than $200 billion in wealth" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".