Sucking up to Trump is usually a losing proposition:
The tech billionaires who had front-row seats as President Donald Trump was being sworn in on Jan. 20 – including Elon Musk, Mark Zuckerberg and Jeff Bezos – have seen their wealth drop by a staggering $210 billion combined as the president’s economic policies have upended markets, a Bloomberg analysis found.
The Trump-aligned billionaires had enjoyed the period between Trump’s election and inauguration as a boon for the world’s wealthiest, with several all-time highs recorded on the S&P 500 Index, according to the analysis. But seven weeks later, a different story has emerged — with five of the billionaires who sat behind Trump as he took the oath of office for a second time taking the multibillion dollar hit.
Musk in particular, has had it rough since deciding to take on a role in the Trump White House. Maybe he should spend less time at Mar-a-lago:
Elon Musk said Monday running his businesses, like Tesla and SpaceX, while also taking on a major government overhaul effort has not been easy.
During an interview with Fox Business that aired Monday, Musk was asked by host Larry Kudlow how he’s running his other businesses while also working closely with the Trump White House.
“With great difficulty,” Musk said, followed by a long pause and a sigh but not much more explanation.
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