Billionaires Throw $96.3M at Stocks: Because Who Needs a Safety Net? 🤑

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In a move that screams “YOLO,” a cabal of billionaires has decided to double down on their own companies, shrugging off market chaos like it’s a minor inconvenience. 🎲

The Persson and Lundin clans, alongside Carlos Slim, have collectively tossed $96.3 million into their corporate piggy banks, according to Bloomberg. Because, you know, why not? 💸

The Perssons, ever the fashionistas, dropped a cool $78 million to beef up their stake in H&M. Because when the world is burning, retail therapy is always the answer. 👗

Meanwhile, the Lundins, masters of mining, threw $16 million at Lundin Mining on April 3rd. Because nothing says “confidence” like digging deeper into a hole. ⛏️

Not to be outdone, Slim splurged $2.3 million on PBF Energy shares the same day, as energy prices took a nosedive. Because when the going gets tough, the tough buy energy stocks. ⚡

This spending spree came hot on the heels of a market meltdown triggered by Trump’s tariff tantrum on April 2nd. PBF Energy, for instance, plummeted over 26% by April 8th. Ouch. 📉

The crash reportedly wiped out a staggering $536 billion from billionaires’ fortunes in just two days – the biggest two-day drop ever recorded by the Bloomberg Billionaires Index. But hey, who’s counting? 💔

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2025-04-12 15:41