By George Glover
The world's three richest people are set to attend President-elect Donald Trump's inauguration next week.
Tesla CEO Elon Musk said on X Tuesday that he would be "honored" to sit on the platform alongside Amazon founder Jeff Bezos and Meta Platforms CEO Mark Zuckerberg, as well as cabinet picks and elected officials, at the Jan. 20 event. He was responding to a post by the conservative activist and MAGA insider Charlie Kirk.
NBC News first reported that Musk, Bezos, and Zuckerberg would sit alongside each other at Trump's inauguration, citing an official involved with planning the event. Trump's transition team didn't immediately respond to a Barron's request for comment.
The tech titans have a combined net worth of $874 billion, according to the Bloomberg Billionaires Index.
All three have made moves which could be seen as courting favor with Trump. Musk donated more than $250 million to a political action committee backing the Republican nominee and has been picked to head up the Department of Government Efficiency, a potential cost-cutting commission. Bezos in October blocked The Washington Post, which he owns, from publishing an endorsement of Democrat candidate Kamala Harris, according to a report by two of the paper's own staffers. And Zuckerberg's Meta cut back on fact-checking and content moderation last week. Trump has strong views on perceived censorship.
Trump Media and Technology Group stock slipped 0.4% to $39.21 on Wednesday. The Truth Social parent is majority owned by Trump and its shares trade under the ticker DJT, in reference to his initials.
DJT had soared in the run-up to the Nov. 5 election, with investors treating it as a proxy for a Trump victory. But it's flatlined since then, likely because there's little reason for investors to like Trump Media based on its profit or revenue -- the company posted a third-quarter net loss of $19.2 million, on sales of just $1 million.
Write to George Glover at george.glover@dowjones.com
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January 15, 2025 07:51 ET (12:51 GMT)
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