"Trump’s Tariff Shock Wipes Out $74 Billion from Billionaire Fortunes"
X LINE TRADING
4/6/20251 min read
Trump’s tariff bombshell has obliterated $74 billion from the fortunes of the world’s wealthiest elites.
Following Donald Trump’s recent global tariff reveal, markets spiraled downward—the S&P 500 plummeted almost 5%, and the Nasdaq cratered by 6%. The fallout slashed a combined $74 billion from the net worth of the planet’s 10 richest individuals.
Here’s the carnage:
Elon Musk: Down $11B, hammered by Tesla’s $TSLA slide.
Jeff Bezos: Socked for $15.9B, courtesy of Amazon $AMZN.
Mark Zuckerberg: Torched by $17.9B, with Meta $META taking the hit.
The bloodbath didn’t spare others—Warren Buffett $BRK, Bernard Arnault $LVMUY, Larry Ellison $ORCL, Google’s Larry Page and Sergey Brin $GOOGL, and Steve Ballmer all saw their fortunes shrink.
This market meltdown shows how tariff jolts can slam not just the ultra-rich but the broader economy, sending shockwaves far and wide.