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After making high-dollar donations and, in some circumstances, showing at President Donald Trump’s 2025 inauguration, billionaire tech and finance CEOs are watching their corporations’ shares plunge.
Since Trump’s April 2 “Liberation Day” announcement of a ten% blanket tariff on all nations, on high of extra tariffs on sure nations, the inventory market has skilled heavy losses in a matter of days.
Right here is how a lot eight corporations misplaced in share worth since Trump’s inauguration day as of market shut on Tuesday, April 8, 2025, in line with Yahoo Finance.
Apple
SHAWN THEW/through REUTERS
Proportion of share decline since January 21: -23%
Tim Cook dinner, CEO of Apple, personally donated $1 million to Trump’s inaugural committee and attended the ceremony.
Trump took credit score for Apple’s plans to spend and make investments greater than $500 billion within the US over the subsequent 4 years.
Amazon
Saul Loeb/through REUTERS
Proportion of share decline since January 21: -26%
Jeff Bezos, the founder and govt chairman of Amazon and founding father of Blue Origin, praised Trump for an “extraordinary political comeback and decisive victory” after Trump gained the election.
Amazon donated $1 million to Trump’s inauguration committee, and Bezos additionally attended the inauguration.
Julia Demaree Nikhinson/USA TODAY Sports activities through Reuters Con
Proportion of share decline since January 21: -27%
Google donated $1 million to Trump’s inauguration fund.
Along with attending Trump’s inauguration, Sundar Pichai, Google’s CEO, additionally congratulated Trump on his election win and stated, “We’re in a golden age of American innovation.”
Meta
Evelyn Hockstein/REUTERS
Proportion of share decline since January 21: -17%
Meta, the guardian firm of Fb and Instagram, donated $1 million to Trump’s inauguration fund.
Meta CEO Mark Zuckerberg attended the inauguration.
Uber
REUTERS/Anushree Fadnavis
Proportion of share decline since January 21: -4%
Uber and its CEO, Dara Khosrowshahi, every donated $1 million to Trump’s inaugural fund.
After Trump’s election win, Khosrowshahi took to social media to congratulate Trump “on a convincing victory.”
Goldman Sachs
Mike Segar/REUTERS
Proportion of share decline since January 21: -27%
Goldman Sachs donated an unspecified quantity to Trump’s inauguration fund. It additionally eliminated a piece about range and inclusion in its annual submitting earlier this yr, in keeping with Trump’s crackdown on DEI insurance policies.
David Solomon, Chairman and CEO of Goldman Sachs, beforehand praised Trump on the Fox Enterprise Community for being “engaged with the enterprise neighborhood.”
Different notable enterprise leaders who’ve donated indirectly to Trump — although not particularly to his inauguration — are Tesla’s Elon Musk and Oracle’s Larry Ellison.
Tesla
Mike Segar/REUTERS
Proportion of share decline since January 21: -48%
Tesla CEO Elon Musk donated not less than $260 million to place Trump again within the White Home. Musk and his PAC additionally spent not less than $12 million on the Wisconsin Supreme Courtroom election to assist a conservative candidate, who finally misplaced.
Tesla’s diminished share worth comes after not solely tariff and recession fears but additionally a widespread protest motion towards his firm and involvement within the White Home DOGE workplace.
One Telsa fan known as the carmaker’s decline in gross sales “brutal,” and branding consultants have stated it might take important concessions from Musk to rebrand Tesla. Musk himself stated that working his companies whereas working intently with the White Home hadn’t been straightforward.
Oracle
Carlos Barria/REUTERS
Proportion of share decline since January 21: -28%
Oracle’s cofounder and chairman, Larry Ellison, was one of many few high know-how executives to brazenly assist Trump again in 2020. He hosted a fundraiser for Trump at his Rancho Mirage property in California in February 2020.
Ellison, Sam Altman of OpenAI, and SoftBank’s Masayoshi Son are additionally spearheading Mission Stargate, a $500 billion AI infrastructure initiative supported by Trump.
Meta, Google, Oracle, Tesla, Amazon, Apple, Goldman Sachs, and Uber didn’t instantly reply to requests for feedback.