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President rejects ‘oligarchy’ tag despite billionaire line-up

Matthew Cranston
Matthew CranstonUnited States correspondent
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Washington | A who’s who of the world’s wealthiest people surrounded Donald Trump as he took the oath of office on Monday (Tuesday AEDT), with the newly minted president flagging a radical pro-business program built on less regulation and red tape in technology and other key sectors.

Among the phalanx of deep-pocketed attendees were Elon Musk, a former Joe Biden supporter who became a key Trump confidant after spending about $US250 million ($400 million) to get him elected; Meta’s Mark Zuckerberg, who this month abolished fact-checking on his social media platforms in a peace offering to Mr Trump; and Amazon’s Jeff Bezos, who stopped the Washington Post’s board from endorsing Democrat candidate Kamala Harris.

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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com

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    Original URL: https://www.afr.com/world/north-america/trump-promises-golden-age-for-us-as-he-takes-office-20250121-p5l5yl