Billionaires Have Lost Near Half-Trillion Dollars in 2 Days

The 500 wealthiest individuals on the planet have seen a total of 485 billion dollars vanish following the announcement of Donald Trump's tariffs

Billionaires Have Lost Near Half-Trillion Dollars in 2 Days

“The world’s 500 richest people are seeing the biggest two-day loss ever recorded by the Bloomberg Billionaires Index as fallout from President Donald Trump’s tariff announcement continues to roil global markets,” Bloomberg reports. “As of 12:20 p.m. in New York, billionaires on the wealth list had lost $485 billion since Thursday’s stock market open.”

World’s richest people lose $208 billion in a day due to Trump tariffs

The world’s richest 500 people saw their collective wealth plunge by $208 billion (£160 billion) yesterday as broad tariffs announced by President Donald Trump sent stocks plummeting.  On Wednesday, Trump imposed tariffs on individual countries ranging from 10% to 50% which will apply to goods imported into the US. According to Bloomberg’s Billionaires index, billionaires’ wealth dropped by an average of 3.3% yesterday. Billionaires in the US we…

Black days and red numbers accumulate. Markets this Friday aggravated their negative spiral on Thursday, with another day to forget. In two sessions, with an accumulated setback of almost 10%, Wall Street has melted more than four trillion dollars. US exchanges, with their three indicators dropped above 5%, have returned to the levels of April last year, when Joe Biden was still president. All the gains of 2025 have vanished. Trump’s relationshi…

The fall is the fourth largest in a day in the 13-year history of the Bloomberg Multimillionaire Index, and the largest from the peak of the covid-19 pandemic. Read more

New York - The wealth of the world's 500 richest people in a ranking compiled by Bloomberg plunged by $208 billion ($4.7 trillion) on Thursday. That's the fourth-highest one-day decline in the 13 years Bloomberg began compiling the index, and the highest since the height of the covid-19 pandemic. The cause is the slump in world stock markets caused by US President Donald Trump's announcement of the imposition of large-scale tariffs.