Which billionaires are winning (and losing) billions under Trump?

Billionaires are losing billions of dollars under the Trump administration, but a handful of them are gaining... a lot.

According to Forbes, billionaires are living the effects of the Trump administration's economic decisions in a variety of ways.

While some companies are managing to take advantage of the situation despite the financial obstacles posed by the tariff war launched by the President, others, including several present at his inauguration in January, have already lost billions since his return to the White House.

These fluctuations in billionaires' fortunes are detailed in a Forbes article published to mark the first 100 days of Trump's second term in the White House.

As markets fell sharply, particularly after the chaotic tariff announcement on April 2, on "Liberation Day", some billionaires who publicly supported Trump may already be starting to regret their choice, having lost billions in just a few weeks.

Some billionaires who have kept a certain distance in their support for Trump seem to be faring better. This is the case of Bill Gates, who, while expressing concern about the Trump administration's budget cuts, notably to USAID, has reportedly seen his fortune increase by 2.5 billion since the president took office. Billionaire Warren Buffett, who described Trump's tariffs as an act of war, has seen his fortune rise by nearly 20 billion.

For others, billions have vanished in just a few months since Trump returned to the Oval Office, even after having proudly attended his inauguration just a few weeks ago. Meta CEO Mark Zuckerberg has reportedly lost nearly 22 billion, while Amazon founder Jeff Bezos has seen his fortune shrink by around 35 billion.

Oracle's Larry Ellison is said to have lost over 28 billion, while Google co-founders Larry Page and Sergey Brin saw their fortunes plummet by over 27 and 26 billion respectively. Nvidia CEO Jensen Huang is estimated to have lost nearly 25 billion. The biggest loser of this chaotic start to his presidency remains Elon Musk: his direct involvement in government budget cuts, which triggered major waves of protest, is said to have cost him over 45 billion dollars.