Billionaires at Trump’s swearing-in have since lost $209 billion

only meaningful if their stocks don't bounce back, but too soon to tell

So what? It's not like their bank accounts got affected. Their shares are valued less which means they did not loose money but the lost money they could have had.

Coverage like this makes me feel sad.

Do people honestly not realise that billionaires always enrich themselves during recessions?

This is all going to plan for oligarchs. People celebrating it are naive unfortunately.

That's not enough

Daily Reminder:

Those are rookie numbers! We've got to pump that number!

A good start. It takes much more to fix this problem, though.

They deserve to lose so much more.

Good let’s make it another 200 billion EACH and even then that won’t be enough as they’ll all still have hundreds of billions of dollars which is absolutely insane

Comparing my net worth to that total net worth? I’d be upset, but not terribly so, if I lost $1000 too.

But since I would be getting it back later, and then some, it’s more like a small investment only . Definitely worth the small risk,

So that's what, about 5 minutes with of profits between them?

Ridiculous how some people pander, especially the press, to the billionaire set.

When they have a downturn in net worth people say they “lost” money, or are “poorer” even though they’re still worth billions.

But when they’re making money hand over fist, millions of dollars daily, people act like that money doesn’t exist. “Oh, it’s tied up in investments, you can’t tax it…It’s not income! It’s not in their bank account.”

Always the poor billionaires; perpetually simultaneously unable to touch their money, complaining when they lose money they ”don’t have,” and living like billionaires with all the conspicuous consumption that goes with it.

THERE'S THREE AND A HALF YEARS TO GO. THEY'RE PLAYING THE LONG GAME.

THEY AREN'T UPSET. THEY'RE GETTING EVERYTHING THEY WANT.

These are the same billionaires that donated millions to the inauguration. How's that RoI on bribery going techbros?

Looks like some dumbfucks made a bad investment in a rapist.

Rookie numbers. Needs more.

Oh ok, that’s sad, let me shed a few tears here before I go back to be exploited by the rich 😹😹😹😹😹😹😹😹

Whisper it in my ear

They don't care. Stock prices only matter when purchasing and when selling. The day to day up and down has no affect on their direct worth.

I can’t help but feel like this was some sort of Monkey’s paw situation. “I wish there weren’t any billionaires”

MOAR!

Couldn't have happened to a better group of guillotine dodgers.

I know were in for a world of pain with the stocks tanking. But honestly don't mind that they lose even more. Lose everything. Burn with us.

and the American retirees who depend on their savings lost trillions to these idiots. A majority of those retirees voted conservative, but I feel bad for the ones who didnt.

Keep It going y’all

Not low enough. We can do better!

The only solace to watching all my retirement and investments get cratered is the fact that the assholes that brought this all about are taking the bigger hit.

go woke go broke, no wait....

I'm sure they will be able to weather the storm. I bet they could find a way to get by on "only" a billion, let's say.

Just Covid economy 2.0 shifting more of everyones money into less hands, this way it can be Bidens fault it dropped and then Trumps when it regains

Damn Globalists at it again huh? LMAO 🤣

Toadying capitulators all

Damn that’s financially irresponsible. I’ve only lost a $20 since then

Billionaires remembering why they were supporting the covert right winger Democrats instead of the Republicans. Because a veneer of illusion is needed to keep their empire running.

I'm sure they still have plenty of liquid assets to scoop up discounted stocks. Tax cuts will save conglomerates money, which they'll use for stock buybacks to inflate the worth of their stocks, which had already been picked up by the billionaires. This will reinflate their net worth.

Plus, and I don't know how or when this would be involved in the calculation of their net worth, but they're probably shorting stocks with insider info passed around Mar-a-Lago. Just a guess.

They'll be fine. The rest of us will continue to be screwed even harder. Fuck them billionaires.

Crazy how you can tell from looking at Zuckcuck's face that he doesn't have a soul.

Good. Since they drive their wealth from using the value of their stocks as leverage to get loans, having these stocks collapse will not only make their loans smaller (not sure by how much), but they will have to pay using more of their dividends than what they expected

In short, they will get less money and it will cost them more to pay it back.

Keep it coming people! Stay the course!

They like the stock market going down, since it'll eventually go back up and meanwhile they still have billions available to buy up a lot more stock on the cheap while it's down.

As Kendrick Lamar would say “it’s not enough”

Hehehe

When someone has this much money, it doesn't matter if they buy the presidency, buy the media, buy the means to live, buy people's rights... It doesn't matter. They will never get the respect and love they desperately seek like all humans do. They will never love themselves until they understand that their wealth isn't earned and they aren't special. We don't consider ourselves better than anyone as a human and then not get depressed and lonely. It's not difficult for us to accept kinship with all humans, but almost impossible for them.

proof they're not geniuses

They should be grateful their heads are still attached.

Noice!

lol