The world's 500 richest people lost USD 208 billion in one day due to tariffs imposed by US President Donald Trump, Bloomberg reported on Friday, April 4.
The combined wealth of the world's 500 richest people fell by USD 208 billion as Trump's tariffs sent global markets into a tailspin. The losses were the fourth-largest since the coronavirus pandemic and the biggest one-day decline in the 13-year history of the Bloomberg Billionaires Index.
"More than half of those tracked by the Bloomberg Wealth Index saw their wealth fall by an average of 3.3%. Billionaires in the United States suffered the most, with Meta Platforms Inc.'s Mark Zuckerberg and Amazon.com Inc.'s Jeff Bezos leading the way," the report said.
The publication cited examples of financial losses of some of the richest people in the world.
Mark Zuckerberg
The founder of Meta suffered the largest losses in dollar terms. Zuckerberg's fortune decreased by USD 17.9 billion, which is about 9% of his fortune.
Jeff Bezos
Amazon shares fell by 9%, which was the biggest drop since April 2022. This cost the founder of the technology giant USD 15.9 billion.
Elon Musk
The CEO of Tesla lost USD 11 billion, also due to his closeness to Trump.
Bernard Arnault
Shares of Arnault's LVMH, which owns brands such as Christian Dior, Bulgari and Loro Piana, fell and cost the richest man in Europe USD 6 billion.
As Ukrainian News Agency earlier reported, on April 3, US President Donald Trump introduced tariffs of 10% to 50% on imports, depending on the country of origin.
In particular, the United States has imposed a separate tariff on Ukrainian imports of 10%.
At the same time, the list does not include the aggressor countries russia, North Korea, Cuba, and Belarus.
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