Here's how the 10 richest people in the world fared after Trump's tariffs

The world's 500 richest people have become a total of 2,000 billion kronor poorer due to Donald Trump's tariffs, writes Sky News. Trump's advisor Elon Musk lost 110 billion kronor in one day after the tariffs, writes Bloomberg.

Here’s how the 10 richest people in the world fared after Trump’s tariffs

The world’s top 10 richest people saw $74 billion vanish on paper after this week’s market rout, according to the Bloomberg Billionaires Index. President Donald Trump’s sweeping tariffs on Wednesday afternoon triggered market chaos. Stocks suffered their worst single-day loss in five years on Thursday. The S&P 500 dropped nearly 5%, the Dow lost 1,679 points, and the Nasdaq composite plunged 6%. Here’s how much the wealthiest have lost since the…

Here's how the 10 richest people in the world fared after Trump's tariffs

The world's top 10 richest people saw $74 billion vanish on paper after Trump's tariffs.

Tariffs Are Big Blow To World’s Top 20 Richest, Including Trump Pals

Mark Zuckerberg (left), Jeff Bezos (center) and Elon Musk (right) at Donald Trump’s inauguration in January, alongside Google CEO Sundar Pichai and Bezos’ fiancée Lauren Sánchez. Getty Images Editor’s note: This article was updated after the stock market close at 4 pm Eastern time on April 3, 2025. P resident Donald Trump announced on Wednesday that the U.S. would impose a flat 10% tariff on every country in the world, with higher rates for many…

Richest Americans lose $74 billion in a single day due to Trump’s tariff announcement

After the announcement of new trade measures by President Donald Trump, the US stock market experienced a huge drop, resulting in a loss of $74 billion among the ten richest people in the world alone. The loss represents the largest single-day drop in wealth in five years, according to the Bloomberg Billionaires Index. Trump's announcement, which included new tariffs, caused a reaction from investors, and the consequences were clear: the market …

World stock markets reacted to the announcement of the tariffs with a slump. As a result, the fortunes of the richest people on the Bloomberg Billionaire List also shrank.