{"id":3477,"date":"2025-01-21T16:51:26","date_gmt":"2025-01-21T11:21:26","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=3477"},"modified":"2025-01-21T16:51:26","modified_gmt":"2025-01-21T11:21:26","slug":"billionaires-at-trumps-inauguration-hold-wealth-equal-to-1-3-indias-gdp","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/billionaires-at-trumps-inauguration-hold-wealth-equal-to-1-3-indias-gdp\/","title":{"rendered":"Billionaires at Trump&#8217;s inauguration hold wealth equal to 1\/3 India&#8217;s GDP"},"content":{"rendered":"\n<p id=\"speakable-summary\">A host of the world\u2019s wealthiest individuals, collectively worth $1.2 trillion, gathered to witness the inauguration of President\u00a0Donald Trump. The event, held Monday, attracted four of the five richest men globally, their combined wealth representing nearly one-third of India\u2019s GDP, which stands at $3.55 trillion (nominal GDP in 2024:\u00a0$3.89 trillion).<small>\u00a0<\/small><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Billionaire attendees and their net worth<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\">Bernard Arnault<\/h2>\n\n\n\n<p>The LVMH chief, with a net worth of $179.6 billion, according to Forbes, and the fifth-richest person globally, attended the inauguration with his family, marking a significant appearance by the wealthiest family in France.<small>&nbsp;<\/small><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Mukesh Ambani<\/h2>\n\n\n\n<p id=\"speakable-summary\">India\u2019s richest man, with a net worth of $98.1 billion, also attended the event, participating in pre-inauguration activities and a private meeting with President Trump. Arnault\u2019s family, the wealthiest in France, and Ambani both attended various inauguration events.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Jeff Bezos<\/h2>\n\n\n\n<p>The Amazon founder and the world\u2019s second-richest individual, with an estimated net worth of $239.4 billion, attended multiple inauguration events.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Mark Zuckerberg<\/h2>\n\n\n\n<p>Chief executive of Meta, worth $211.8 billion, was seen at various inauguration functions and co-hosted a pre-inaugural Ball reception.<small>&nbsp;<\/small><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Elon Musk<\/h2>\n\n\n\n<p>The Tesla CEO, holding the title of the world\u2019s richest person, with a staggering net worth of $433.9 billion, played a pivotal role in supporting Trump\u2019s election campaign.<small>&nbsp;<\/small><\/p>\n\n\n\n<p>The world\u2019s three richest individuals, Bezos, Zuckerberg, and Musk, also participated in multiple inauguration morning activities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Other high-profile attendees included<\/h2>\n\n\n\n<p><strong>Sam Altman<\/strong>&nbsp;(OpenAI CEO) &gt; Net worth: $1.1 billion<\/p>\n\n\n\n<p><strong>Tim Cook<\/strong>&nbsp;(Apple CEO) &gt; Net worth: $2.2 billion<\/p>\n\n\n\n<p><strong>Miriam Adelson<\/strong>&nbsp;&gt; Net worth: $31.9 billion<\/p>\n\n\n\n<p><strong>Rupert Murdoch<\/strong>&nbsp;(Former Fox News Chairman) &gt; Net worth: $22.2 billion<\/p>\n\n\n\n<p><strong>Phil Ruffin<\/strong>(Casino executive) &gt; Net worth: $4.7 billion<\/p>\n\n\n\n<p><strong>Howard Lutnick<\/strong>&nbsp;&gt; Net worth: $1.5 billion<\/p>\n\n\n\n<p><strong>Vivek Ramaswamy<\/strong>&gt; Net worth: $1 billion<small>&nbsp;<\/small><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Billionaires host inaugural ball<\/h2>\n\n\n\n<p>Several of these billionaires, including Zuckerberg, Adelson, Tilman Fertitta (Net worth: $10.2 billion), and Todd Ricketts (family net worth: $4.2 billion), co-hosted a pre-inaugural Ball reception.<small>&nbsp;<\/small><\/p>\n\n\n\n<p>Brian Armstrong, Coinbase CEO, was invited but hadn\u2019t been seen at the swearing-in. Other high-profile figures, including Stephen Feinberg, Warren Stephens, Jared Isaacman, Steve Witkoff, Linda McMahon, and Kelly Loeffler, were reportedly offered positions in the administration.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Net worth of Donald Trump<\/h2>\n\n\n\n<p><em>Forbes&nbsp;<\/em>estimates President Trump\u2019s net worth to be at $6.7 billion, largely due to his stake in Trump Media &amp; Technology Group, the parent company of Truth Social.<small>&nbsp;<\/small><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Billionaire wealth vs global economies<\/h2>\n\n\n\n<p>The combined net worth of these attendees is nearly one-third of India\u2019s GDP, which ranks as the world\u2019s fifth-largest economy at $3.55 trillion. India, a rapidly growing economy, showcases how the wealth of a select group of individuals can rival the economic output of entire nations.<small>&nbsp;<\/small><\/p>\n\n\n\n<p>The wealth present at Trump\u2019s inaugural events could rival some of the top economies. To put this into perspective, the nominal GDP in current US dollars for Indonesia, which ranks 16 globally is $1.48 trillion and the Netherlands, ranked 17, is $1.14 trillion.<\/p>\n\n\n\n<p>The presence of such influential figures at the inauguration of a pro-business president signals potential shifts in economic policies and priorities.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.eqwires.com\/tutorials\/who-is-the-best-sebi-registered-investment-advisor-in-i\">Eqwires Research Analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a href=\"https:\/\/www.eqwires.com\/\">Top-notch SEBI registered research analyst<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/www.eqwires.com\/\" target=\"_blank\">Best SEBI registered Intraday tips provider <\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><a href=\"mailto:info@eqwires.com\"><strong>info@eqwires.com<\/strong><\/a><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color\"><strong><a href=\"https:\/\/t.me\/eqwires\">Telegram&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/www.facebook.com\/eqwires\/\">Facebook&nbsp;<\/a>|&nbsp;<a href=\"https:\/\/instagram.com\/Eqwires\">Instagram<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-dark-red-color has-text-color\"><strong>Call: +91 9624421555 \/&nbsp;<em>+91 9624461555<\/em><\/strong><\/p>\n\n\n\n<p><strong><a href=\"http:\/\/www.eqwires.com\/\">www.eqwires.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A host of the world\u2019s wealthiest individuals, collectively worth $1.2 trillion, gathered to witness the inauguration of President\u00a0Donald Trump. The event, held Monday, attracted four of the five richest men globally, their combined wealth representing nearly one-third of India\u2019s GDP, which stands at $3.55 trillion (nominal GDP in 2024:\u00a0$3.89 trillion).\u00a0 Billionaire attendees and their net worth Bernard Arnault The LVMH chief, with a net worth of $179.6 billion, according to Forbes, and the fifth-richest person &hellip; <a href=\"https:\/\/www.eqwires.com\/tutorials\/billionaires-at-trumps-inauguration-hold-wealth-equal-to-1-3-indias-gdp\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Billionaires at Trump&#8217;s inauguration hold wealth equal to 1\/3 India&#8217;s GDP&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":3478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[],"class_list":["post-3477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-sebi-registered-advisory-company"],"_links":{"self":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/3477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/comments?post=3477"}],"version-history":[{"count":1,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/3477\/revisions"}],"predecessor-version":[{"id":3479,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/3477\/revisions\/3479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media\/3478"}],"wp:attachment":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media?parent=3477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/categories?post=3477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/tags?post=3477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}