Donald Trump delivered the speech after his inauguration as 47th President of the United States. Video / JCCIC
US tech multibillionaires including Elon Musk, Mark Zuckerberg and Jeff Bezos were given prime positions at Donald Trump’s inauguration today, in an unprecedented demonstration of their power and influence.
Musk, Bezos and Zuckerberg are the world’s three richest people, and inaddition to Google co-founder Sergey Brin, who also attended, their combined fortune sits at just above US$1 trillion ($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’s more hostile response to his first term four years ago.
Google chief executive Sundar Pichai (centre left) and SpaceX, X and Tesla chief executive Elon Musk watch during the inauguration. Photo / Pool
Attendees also included Apple chief executive Tim Cook and Google chief executive Sundar Pichai.
TikTok on Monday 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’s ownership, in defiance of a US law.
Despite highly limited seating after the ceremony was moved indoors due to bad weather, Meta chief executive Zuckerberg attended with his wife Priscilla Chan, while Amazon executive chairman Bezos was accompanied by his fiancee, Lauren Sanchez.
“They have even better seats than Trump’s own cabinet picks. That says it all,” 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’s policies with Trump’s worldview, notably by eliminating fact-checking in the United States and relaxing hate speech restrictions on Facebook and Instagram.
Tesla and SpaceX chief executive 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 / AFP
Musk has shown the strongest support for Trump, spending US$277 million ($487m) to help him and other Republicans win November’s election while transforming his X platform into an amplifier for pro-Trump voices.
Bezos, like Zuckerberg and his peers, has visited Trump’s Mar-a-Lago estate in Florida leading up to the inauguration, with favourable 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’s 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.
‘Paid access’
While Musk’s SpaceX is already a major government contractor, Amazon’s 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 break-up.
“These 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,” said Andrew Selepak, media professor at the University of Florida.
“They’re making sure it’s very clear that their faces, names, and especially their money, is here,” he added.
