Several of S&P 500 tech's royalty lined up to honor President Donald Trump at his inauguration. Ironically, they're all paying the price.
The four megacap tech founders and CEOs who went to the inauguration lost a collective $64.6 billion since Trump announced his giant tariffs. And among them, Meta Platforms' Mark Zuckerberg has lost the most: $25.9 billion. That's the brutal downside of owning 13% of the social media firm, which has seen shares plunge nearly 13% since tariff day.
Big Damage For S&P 500, Big Tech
Zuckerberg is the hardest hit so far, but he's not alone. Amazon.com founder Jeff Bezos is down $19.6 billion from the day Trump announced tariffs. And Elon Musk of Tesla is down $19.1 billion on just his shares of the electric carmaker.
These massive losses make Trump's loss on his own Trump Media & Technology look tame. His shares have lost $413 million in value since his announcement.
Unfortunately, the pain is distributed far and wide. Trillions of dollars of value have been erased from S&P 500 stocks in just a few days. At least everyone is suffering together, right?
Biggest Tech Losers
Among founders and CEOs of megacap firms at Trump's inauguration
| Company | Symbol | Owner | Lost since tariff announcement |
|---|---|---|---|
| Meta Platforms | META | Mark Zuckerberg | -$25,883,957,717 |
| Amazon.com | AMZN | Jeff Bezos | -$19,561,488,967 |
| Tesla | TSLA | Elon Musk | -$19,143,003,942 |
| Trump Media & Technology | DJT | Donald Trump | -$413,123,350 |
| Alphabet | GOOGL | Sundar Pichai | -$46,468,288 |
Sources: S&P Global Market Intelligence, IBD
Follow Matt Krantz on X (Twitter) @mattkrantz
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