The inauguration of Donald Trump as U.S. President saw the attendance of the world’s wealthiest individuals, including tech giants Elon Musk, Jeff Bezos, and Mark Zuckerberg. The trio, with a combined net worth of nearly $900 billion, were seated prominently at the event.
Their presence has raised concerns that the new administration may prioritize the interests of the wealthy, particularly in areas such as tax, labor, trade, and policy. Ex-President Joe Biden warned of a growing oligarchy in the United States that endangers democracy.
The attendance of these billionaires has been seen as a warning sign for the direction of Trump’s presidency. Some have speculated about what this means for government policies and regulations, particularly under the leadership of Musk, who is expected to lead a panel to cut government spending and push for self-driving vehicle approvals.
The close relationships between these business leaders and Trump have also raised eyebrows. Zuckerberg has been praised by Trump, while Bezos and Cook have maintained close ties with the president-elect before his inauguration. The presence of these wealthy individuals at key events, including an exclusive luncheon with Supreme Court Justice Brett Kavanaugh, has sparked concerns about their influence on U.S. policy.
The event highlights the growing intersection between business interests and U.S. policy under Trump’s administration. As the billionaire class continues to shape policy, some critics worry that democracy is being compromised in favor of corporate interests.
Source: https://www.reuters.com/world/us/trumps-inaugural-brings-worlds-billionaire-elites-en-masse-dc-2025-01-21