It's immaterial to them. Falling asset prices hurt the middle class far more than they hurt the wealthy. Every time asset values fall, the wealthy scoop them up, furthering inequality.
If Elon Musk lost 90% of his net worth, he'd still have $34 billion. What would you have if you lost 90% of your net worth (assuming you have a positive net worth to begin with)?
No need to add (alt link in comments) to the title, just include the paywall bypass you did in a comment with nothing else.
I mean, for the most part does this actually matter? I think most of their wealth is in the form of stock in their respective companies isn't it? You only "lose" money with stock if you materialize it by selling at a loss.
They've done a good job bribing their way into presidential circles, the stock prices will probably bounce back.
New oligarchs will born once they buy the dip. Richer get richer. Swearing is there to make dip deeper.
it's a bargain, in exchange for legal sovreignity