Allen & Company Annual Conference Draws Media And Tech Leaders To Sun Valley

(Kevin Dietsch/Getty Images)

The richest men in the world have gotten poorer since Trump took office. Not Warren Buffett.

Buffett’s $334 billion cash pile looks pretty good right now, huh?

4/4/25 10:19AM

In his second term, President Trump has courted tech CEOs with promises of lax regulations and tax cuts. So far, it hasn’t worked out too great for them.

Elon Musk, Jeff Bezos, and Mark Zuckerberg are all poorer since they were spotted at Trump’s inauguration. Warren Buffett, chairman of Berkshire Hathaway, hasn’t publicly cozied up to Trump, and his wealth has grown about $20 billion since Inauguration Day.

Musk, the world’s richest man and Trump’s biggest cheerleader, has taken the biggest hit as Tesla underperforms as a business, leading investors to lose confidence. Another Trump-friendly CEO, Amazon’s Bezos, has lost at least $50 billion of his net worth since Trump was elected, as the president’s policies weigh on consumer sentiment. Meta CEO Mark Zuckerberg is now at least $30 billion poorer since Trump took office.

These men have lost billions amid a market sell-off that has hit their tech stocks particularly hard. Buffett’s Berkshire Hathaway, meanwhile, has been more insulated from the downturn because of its large cash pile and shrinking exposure to the stock market, including selling off a chunk of its stake in Apple.

Warren Buffett watching the stock market collapse while holding $300 Billion in T-Billspic.twitter.com/dkf6z23d0c
— Geiger Capital (@Geiger_Capital) April 3, 2025

Rani Molla

9/2/25

Google soars on court ruling that doesn’t force the search giant to sell Chrome

Google has $26 billion in deals with companies like Samsung and Apple.

Max Knoblauch

8/21/25

Hertz falls, erasing its Amazon bump, as Congress looks into its AI damage scanners

Hertz shares are trading down more than 5% on Thursday.

Max Knoblauch

8/20/25

Airbus faces a 10-day strike from UK workers, mirroring Boeing’s labor strife

Thousands of UK union Airbus workers plan to strike for 10 days in September amid a contract dispute.

The union workers build wings for Airbus’ commercial jets, threatening a production slowdown for the European plane maker.

As Airbus’ labor tension builds, rival Boeing’s has already boiled over: earlier this month, more than 3,000 Boeing workers who build military aircraft started a strike that remains ongoing. The action came less than a year after the company faced a two-month stoppage from a machinist strike.

Airbus, for now, says it doesn’t see the strikes affecting full-year deliveries.

Airbus UK workers to strike for 10 days over pay

Airbus, for now, says it doesn’t see the strikes affecting full-year deliveries.

Rani Molla

8/20/25

Elon Musk’s political party isn’t happening, as Tesla CEO gives up on the “America Party”

In July, Tesla CEO Elon Musk announced his own political party, the America Party — a move intended to “give you back your freedom.” What it did at the time was invoke the wrath of President Donald Trump and send the stock down.

A month and a half later, The Wall Street Journal is reporting that Musk is “pumping the brakes” on his third party.

According to the Journal, “Musk has told allies that he wants to focus his attention on his companies and is reluctant to alienate powerful Republicans by starting a third party that could siphon off GOP voters.” He also wants to maintain ties with Vice President JD Vance, the presumptive Republican presidential candidate for 2028.

What happened?

For one, earlier this month Tesla’s board approved a roughly $30 billion interim pay package that Musk will only realize if he remains at the company for two years.

The stock isn’t moving on the news so far, but investors and analysts typically see Musk’s focus on his public company as a good thing.

Exclusive | Elon Musk Pledged to Start a Political Party. He Is Already Pumping the Brakes.

What happened?

For one, earlier this month Tesla’s board approved a roughly $30 billion interim pay package that Musk will only realize if he remains at the company for two years.

The stock isn’t moving on the news so far, but investors and analysts typically see Musk’s focus on his public company as a good thing.

Nexstar, the US’s largest local TV broadcaster, is looking to get bigger with a $6.2 billion megamerger

TV broadcaster Nexstar plans to merge with smaller rival Tegna, testing the Trump administration’s consolidation appetite.

Max Knoblauch8/19/25