
To misquote the late Republican senator Everett Dirksen: “A billion here, a billion there and pretty soon you’re talking about serious money.” It would take quite a few of those billions to impact the living standards of the five most unfeasibly wealthy men who lined up to kiss the ring at Donald Trump’s inauguration in January.
Yet this quintet of tycoons, Tesla’s Elon Musk, Jeff Bezos of Amazon, Google co-founder Sergey Brin, the CEO of Facebook owner Meta Mark Zuckerberg and Bernard Arnault, the French billionaire behind the LVMH luxury goods empire, are already some £160 billion worse off than they day they paid homage to the 47th US President.