Expectations were that billionaires would be the big winners in a Trump America 2.0. Instead their fortunes have plummeted in the first eight weeks. Here are the biggest losers.

As Donald Trump took the oath of office on Jan. 20, he was flanked by some of the world’s wealthiest people. The billionaires present that day — including Elon Musk, Jeff Bezos and Mark Zuckerberg — had never been richer,

Elon Musk, Jeff Bezos and Mark Zuckerberg were front and centre at US President Donald Trump's inauguration on January 20. But in the weeks since the swearing-in ceremony, the three are among five of the world's wealthiest people to see a combined $333 billion ($US210 billion) loss in wealth, according to the Bloomberg Billionaires Index.

As Donald Trump gave his Presidency oath, five of the richest men in the world stood behind him and now, they’ve collectively lost $209 billion. It all began on January 20, when Trump was inaugurated and became the US President for the second time.

As Donald Trump took the oath of office on January 20, 2025, the world's wealthiest were watching, seated in the Capitol Rotunda, surrounded by record-breaking fortunes. However, in the weeks that followed,