Donald Trump’s opponent richer since he became president
A strong Trump opponent, the already very rich financier Warren Buffett, is the one who earned the most during Trump’s short time as president – plus SEK 190 billion.
As late as March, Warren Buffett said in an interview that commercial duties are « a war act, to some extent ».
One of the great challengers of American tech companies, Tiktok founder Zhang Yiming, has become about SEK 130 billion richer since Trump became president.
A minority shareholder in Tiktok, financier Jeff Yass, has also become much richer. His wealth has increased by just over SEK 120 billion.
Jeff Yass has been an open opponent of Trump. But before the election last fall, he donated SEK 700 million to the Trump campaign and is now on the president’s side. Trump has thanked by suggesting that possibly not banning Tiktok in the United States, which he threatened before.
So we have the losers.
The one who lost Thus, the most money is Elon Musk, minus SEK 1,120 billion. However, Musk still retains the place as the world’s richest person by margin, good for SEK 3,110 billion.
More hyper -rich American tech billionaires – Larry Ellison, Jeff Bezos, Larry Page and Michael Dell have all become many billions of poorer. It is probably snowy, as several of them were in Washington when Trump swore the presidential in January this year.
Eight out of ten of the world’s hyper -rich who lost the most during Trump’s presidency are Americans.
How the redistribution of Wealth in the billionaire will affect the US customs and trade policy no one knows. Most expert comments are about « wait and see ».
American trade policy raises strong emotions and receives strong criticism even in the United States. The world’s richest, Elon Musk, recently said that president’s tulle expert Peter Navarro is really an idiot. «
The recognized finance commentator and Nobel Laureate Paul Krugman took the leaf from his mouth on Thursday:
« Anyone who gives customs a clear sign, or Trump’s economic policy in general, should be kept away from sharp objects and prohibited from using heavy machines, » Krugman wrote in a substrate post with the headline « Trump is stupid, unpredictable and weak. »
Ola Olsson, professor In economics at the School of Economics at the University of Gothenburg, says that the president’s impact on Elon Musk’s company is a history in itself and that electric car giant Tesla’s big tap is linked to the billionaire’s close collaboration with Donald Trump.
– The Tesla brand has probably lost permanently, I would think. Other companies go up and down with the stock exchange in general.
At the same time, Musk’s company Starlink could benefit from the influence in the White House.
He says there is an unhealthy relationship with an unhealthy influence between Trump and the richest business leaders. Something that seriously enhances the risk of corruption.
– It is not an arm’s length between power and companies that can benefit from different deals.
Olsson compares with Silvio Berlusconi, who during his years as prime minister in Italy conducted a policy that favored its own companies. The financier and media mogul from Milan were accused of corruption on repeated occasions during his political career.
Donald Trump’s close band with the giant companies and the super -rich business leaders also means a vulnerability, according to Ola Olsson. Which, among other things, turns out when Europe is now explicitly threatening to target American tech companies when the responses to the president’s commercial duties are to be formulated.
– Europe has noted that the large companies have infiltrated the US government, he says.
Olsson describes Donald Trump’s Trade policy as a form of extensive market manipulation and points to indications that the president’s own companies have gone better than the stock exchange in general.
He says that insider activities cannot be excluded and that corporate stops may have known the president’s message to postpone the trade tariffs.
– This is something that the Swedish Financial Supervisory Authority in the United States should look at and although nothing is concrete at present, there is still a concern that it may have been so that you knew about this stop, says Olsson.
Read more:
The small town of Fairmont in the center of the Customs War: « Glad it’s Trump now »
Volvo Cars CEO: « Up to two years before we can manufacture more in the United States »
