After making substantial donations and, in some cases, attending President Donald Trump’s 2025 inauguration, billionaire CEOs in the tech and finance sectors are now witnessing significant declines in their companies’ stock values.
Since Trump’s announcement on April 2 regarding a 10% blanket tariff on all countries, coupled with additional tariffs on specific nations, the stock market has faced severe losses in just a few days.
As of market close on Tuesday, April 8, 2025, here’s a look at how much eight companies have lost in share value since Inauguration Day:
Apple
- Percentage of share decline since January 21: -23%
- Tim Cook, CEO of Apple, personally donated $1 million to Trump’s inaugural committee and attended the ceremony. Trump credited himself for Apple’s plans to invest over $500 billion in the U.S. over the next four years.
Amazon
- Percentage of share decline since January 21: -26%
- Amazon founder Jeff Bezos expressed admiration for Trump’s "extraordinary political comeback." Amazon also donated $1 million to Trump’s inauguration and Bezos attended the event.
- Percentage of share decline since January 21: -27%
- Google contributed $1 million to Trump’s inauguration fund. Sundar Pichai, CEO, congratulated Trump on his victory and noted it was a "golden age of American innovation."
Meta (Facebook)
- Percentage of share decline since January 21: -17%
- Meta donated $1 million to the inaugural fund, and CEO Mark Zuckerberg attended the event.
Uber
- Percentage of share decline since January 21: -4%
- Uber and its CEO Dara Khosrowshahi each donated $1 million to Trump’s inaugural fund. Following Trump’s victory, Khosrowshahi congratulated him on social media.
Goldman Sachs
- Percentage of share decline since January 21: -27%
- Goldman Sachs made an unspecified donation to the Trump inauguration fund. CEO David Solomon praised Trump for his business engagement.
Tesla
- Percentage of share decline since January 21: -48%
- Tesla CEO Elon Musk donated at least $260 million to aid Trump’s campaign and contributed to a conservative election fund. The decline in Tesla’s shares is attributed not just to tariff fears and recession concerns, but also to customer protests against his company.
Oracle
- Percentage of share decline since January 21: -28%
- Oracle’s cofounder Larry Ellison has openly supported Trump, hosting a fundraiser in 2020. He is also involved in Project Stargate, a $500 billion AI infrastructure initiative tied to Trump.
Meta, Google, Oracle, Tesla, Amazon, Apple, Goldman Sachs, and Uber did not immediately respond to requests for comments.