Mark Zuckerberg Blasts Trump And Announces Indefinite Ban On President’s Facebook, Instagram Accounts

Plus: The Most Notable New Billionaires Of 2020

After Wednesday’s Capitol takeover, what are the consequences for Donald Trump? So far, there hasn’t been an ouster via the 25th amendment. Nor has there been a Nixon-like resignation. Nor even a symbolic impeachment. The biggest punishment to date seems to have been that the president got locked out of his social media accounts. Which underscores a strange new reality: Two of the most powerful people in Washington today are billionaires living in Silicon Valley.

Mind On Their Money

In the waning hours of his presidency, Donald Trump drew contempt from the world’s richest business leaders for his part in inciting the storming of the U.S. Capitol on Wednesday. 

The Business Roundtable, whose members include more than a dozen billionaires such as Amazon's Jeff Bezos, FedEx's Fred Smith and Oracle's Safra Catz, issued a statement calling the claims of unproven election fraud "reprehensible."

Yet amidst the chaos, the Dow rallied 400 points to close at an all-time high. Even rioters storming the Capitol building couldn’t dampen the positive outlook by investors looking toward ramped-up stimulus spending with the Democrats poised to take control of the Senate.

Donald Trump continued losing money in 2019 at his two golf properties in Scotland, declaring losses of roughly $90 million according to regulatory documents released this week.

While 2020 has been a difficult year for many, the world’s billionaires have fared far better than most. In our year-ending coverage of the world’s wealthiest, meet the most notable new billionaires of 2020.

EDITOR'S PICKS

A Truth Reckoning: Why We’re Holding Those Who Lied For Trump Accountable (Forbes)

Venezuela Is Worried About America—That’s A Big Problem For U.S. Influence in The World (Forbes)

As U.S. Business Leaders Decry Capitol Rampage, An Elon Musk Joke On Twitter Falls Flat (Forbes)

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