The attendees at a U.S. presidential inauguration do not often resemble the annual gathering of the world's richest in Davos, Switzerland, which kicked off on Monday, but the parallels were hard to ignore as Donald Trump was sworn in as U.

On Monday, he joined more than a dozen billionaires in the prime seats at Trump’s second inauguration, applauding a man who has pledged to deport millions of migrants, to use the levers of American justice to pursue political opponents and to launch sweeping tariffs.