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Tech billionaires take centre stage at Trump inauguration

Author
AFP,
Publish Date
Tue, 21 Jan 2025, 1:32pm

Tech billionaires take centre stage at Trump inauguration

Author
AFP,
Publish Date
Tue, 21 Jan 2025, 1:32pm

US tech multibillionaires including Elon Musk, Mark Zuckerberg and Jeff Bezos were given prime positions at Donald Trump鈥檚 inauguration on Monday, in an unprecedented demonstration of their power and influence.

Musk, Bezos and Zuckerberg are the world鈥檚 three richest people, and in addition to Google co-founder Sergey Brin, who also attended, their combined fortune sits at just above one trillion US dollars (NZ$1.76t), according to Forbes.

The tech tycoons have spent the weeks since the election courting favour with Trump, marking a dramatic shift from Silicon Valley鈥檚 more hostile response to his first term four years ago.

Google CEO Sundar Pichai (C, L) and SpaceX, X and Tesla CEO Elon Musk watch during the inauguration. Photo / Julia Demaree Nikhinson, Pool, AFP
Google CEO Sundar Pichai (C, L) and SpaceX, X and Tesla CEO Elon Musk watch during the inauguration. Photo / Julia Demaree Nikhinson, Pool, AFP

Attendees also included Apple CEO Tim Cook and Google CEO Sundar Pichai.

TikTok CEO Shou Chew sat in the back row of the stage, even as his platform鈥檚 future remains uncertain.

TikTok on Sunday credited Trump for promising an executive order to save the app from an American ban, though its fate in the United States remains unclear while under Chinese company ByteDance鈥檚 ownership, in defiance of a US law.

Despite highly limited seating after the ceremony was moved indoors due to bad weather, Meta CEO Zuckerberg attended with his wife Priscilla Chan, while Amazon executive chairman Bezos was accompanied by his fiancee, Lauren Sanchez.

鈥淭hey have even better seats than Trump鈥檚 own cabinet picks. That says it all,鈥 said US Senator Elizabeth Warren in a social media post.

Their prominent positions on the inauguration stage was particularly notable for Zuckerberg, whom Trump had threatened with life imprisonment just months ago.

The Meta chief recently made headlines by brashly aligning his company鈥檚 policies with Trump鈥檚 worldview, notably by eliminating fact-checking in the United States and relaxing hate speech restrictions on Facebook and Instagram.

Tesla and SpaceX CEO Elon Musk gestures as he speaks during the inaugural parade inside Capitol One Arena. The Anti-Defamation League said Musk 'made an awkward gesture in a moment of enthusiasm' and it was 'not a Nazi salute'. Photo / Angela Weiss, AFP
Tesla and SpaceX CEO Elon Musk gestures as he speaks during the inaugural parade inside Capitol One Arena. The Anti-Defamation League said Musk 'made an awkward gesture in a moment of enthusiasm' and it was 'not a Nazi salute'. Photo / Angela Weiss, AFP

Musk has shown the strongest support for Trump, spending $277 million (NZ$487m) to help him and other Republicans win November鈥檚 election while transforming his X platform into an amplifier for pro-Trump voices.

Bezos, like Zuckerberg and his peers, has visited Trump鈥檚 Mar-a-Lago estate in Florida leading up to the inauguration, with favorable treatment, government contracts and reduced regulatory scrutiny for Amazon in the balance.

As owner of The Washington Post, Bezos sparked controversy by blocking the newspaper鈥檚 planned endorsement of Democratic Vice President Kamala Harris for the 2024 presidential election, triggering newsroom protests and subscriber cancellations.

Musk has been named a leader of the so-called Department of Government Efficiency to advise the White House on cutbacks to public spending and has spent much of the past two months at Mar-a-Lago.

鈥楶aid access鈥

While Musk鈥檚 SpaceX is already a major government contractor, Amazon鈥檚 AWS cloud computing division and Google also count the US government among their biggest clients.

Google, Meta, Apple, and Amazon are also fighting landmark antitrust lawsuits from the US government that could force their breakup.

鈥淭hese are very wealthy people who have basically paid for access, which is something that they would do for any upcoming administration even if we all recognise Trump is very transactional,鈥 said Andrew Selepak, media professor at the University of Florida.

鈥淭hey鈥檙e making sure it鈥檚 very clear that their faces, names, and especially their money, is here,鈥 he added.

 Agence France-Presse

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