Tesla, Amazon, Meta Stocks Plummet... Market Cap Declines by 2,028 Trillion Won Since Trump’s Inauguration

# Big Tech Titans See Wealth Erase Post-Trump Inauguration The inauguration of Donald Trump as President of the United States has precipitated a significant downturn in the stock prices of major tech corporations, leading to considerable declines in the fortunes of the world's leading billionaires. Five major companies, namely Tesla, Amazon, Meta, LVMH, and Google, have collectively seen their market capitalization diminish by a staggering 2,028 trillion won. The assets of several high-profile magnates, who were spotlighted at Trump's inauguration, have recently suffered substantial losses due to plunging stock prices. Tesla CEO Elon Musk’s net worth has contracted by approximately $148 billion, while Amazon founder Jeff Bezos has seen his wealth dip by $29 billion. Meta CEO Mark Zuckerberg’s fortune has decreased by $5 billion. Meanwhile, LVMH Chairman Bernard Arnault and Google co-founder Sergey Brin have experienced losses of $5 billion and $22 billion, respectively. Initially, Trump's election victory triggered a stock market surge fueled by expectations of business-friendly policies. However, market optimism waned due to trade policy confusion and massive governmental layoffs, resulting in a 6.4% drop in the S&P 500 index post-inauguration. Tesla, for example, forfeited all its stock price gains due to a slowdown in its European and Chinese markets. Tesla’s sales in Germany plummeted by over 70%, and Chinese sales also fell by 49% in February. Similarly, despite Amazon’s efforts to mend its strained relationship with the Trump administration, its stock has declined by 14% since January. Google's Sergey Brin, who publicly clashed with Trump over immigration policies and later initiated talks post-re-election, has seen Alphabet's stock suffer due to earnings falling short of expectations. Zuckerberg's Meta and Arnault's LVMH have also seen their share prices tumble despite attempts to maintain upward momentum. The combined market valuation of these five corporations has shrunk by approximately $1.39 trillion since January 17, reflecting growing uncertainty in the global markets following Trump's inauguration.