After making high-dollar donations and, in some cases, appearing at President Donald Trump’s 2025 inauguration, billionaire tech and finance CEOs are watching their companies’ stocks plunge.
Since Trump’s April 2 “Liberation Day” announcement of a 10% blanket tariff on all countries, on top of additional tariffs on certain countries, the stock market has experienced heavy losses in a matter of days.
Here is how much eight companies lost in share value since Trump’s inauguration day as of market close on Tuesday, April 8, 2025, according to Yahoo Finance.
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 took credit for Apple’s plans to spend and invest more than $500 billion in the US over the next four years.
Amazon
Percentage of share decline since January 21: -26%
Jeff Bezos, the founder and executive chairman of Amazon and founder of Blue Origin, praised Trump for an “extraordinary political comeback and decisive victory” after Trump won the election.
Amazon donated $1 million to Trump’s inauguration committee, and Bezos also attended the inauguration.
Percentage of share decline since January 21: -27%
Google donated $1 million to Trump’s inauguration fund.
In addition to attending Trump’s inauguration, Sundar Pichai, Google’s CEO, also congratulated Trump on his election win and said, “We are in a golden age of American innovation.”
Meta
Percentage of share decline since January 21: -17%
Meta, the parent company of Facebook and Instagram, donated $1 million to Trump’s inauguration fund.
Meta CEO Mark Zuckerberg attended the inauguration.
Uber
Percentage of share decline since January 21: -4%
Uber and its CEO, Dara Khosrowshahi, each donated $1 million to Trump’s inaugural fund.
After Trump’s election win, Khosrowshahi took to social media to congratulate Trump “on a resounding victory.”
Goldman Sachs
Percentage of share decline since January 21: -27%
Goldman Sachs donated an unspecified amount to Trump’s inauguration fund. It also removed a section about diversity and inclusion in its annual filing earlier this year, in line with Trump’s crackdown on DEI policies.
David Solomon, Chairman and CEO of Goldman Sachs, previously praised Trump on the Fox Business Network for being “engaged with the business community.”
Other notable business leaders who have donated in some way to Trump — though not specifically to his inauguration — are Tesla’s Elon Musk and Oracle’s Larry Ellison.
Tesla
Percentage of share decline since January 21: -48%
Tesla CEO Elon Musk donated at least $260 million to put Trump back in the White House. Musk and his PAC also spent at least $12 million on the Wisconsin Supreme Court election to support a conservative candidate, who eventually lost.
Tesla’s diminished share value comes after not only tariff and recession fears but also a widespread protest movement against his company and involvement in the White House DOGE office.
One Telsa fan called the carmaker’s decline in sales “brutal,” and branding experts have said it would take significant concessions from Musk to rebrand Tesla. Musk himself said that running his businesses while working closely with the White House hadn’t been easy.
Oracle
Percentage of share decline since January 21: -28%
Oracle’s cofounder and chairman, Larry Ellison, was one of the few top technology executives to openly support Trump back in 2020. He hosted a fundraiser for Trump at his Rancho Mirage estate in California in February 2020.
Ellison, Sam Altman of OpenAI, and SoftBank’s Masayoshi Son are also spearheading Project Stargate, a $500 billion AI infrastructure initiative supported by Trump.
Meta, Google, Oracle, Tesla, Amazon, Apple, Goldman Sachs, and Uber did not immediately respond to requests for comments.
