- LATEST
- WEBSTORY
- TRENDING
BUSINESS
Billionaires Elon Musk, Jeff Bezos, others lose USD 208 billion after Trump's tariff announcement; Who lost most money?
This marks the fourth biggest single-day plunge in the 13-year history of Bloomberg's Billionaires Index, and the largest since the Covid-19 pandemic peaked in early 2022. The most affected billionaires on the Bloomberg list were those from the US.
Updated : Apr 04, 2025, 04:48 PM IST
 "Trump has announced reciprocal tariffs on nations around the world, with rates going as high as 50 percent.")
TRENDING NOW
)
HC imposes Rs 25000 fine on Anil Ambani for seeking...; asks him to pay amount to...
)
Shruthi Narayanan lashes out at netizens for 'spreading' her leaked MMS, warns legal action: 'Go and enjoy your mother, sister videos'
)
Salman Khan reacts after Bollywood remains silent on Sikandar, says 'I need support': 'They think I don't...'
)
Casting couch scandals resurface: Tamil actress Shruthi Narayanan's viral video sparks fresh debate in film industry
)
This country holds largest gold reserve in world, boasts over 8000 tonnes, not Germany, China, Russia, it is...
)
Govt loses Rs 17570000000 as BSNL fails to bill Mukesh Ambani's Reliance Jio for...
)
Forget Aabha Paul, check out 5 hot pics, videos of Kangana Sharma
)
Sania Mirza opens up about celebrating Eid-ul-Fitr with son Izhaan after divorce from Shoaib Malik: 'Eid is day we truly...'
)
Indian-Canadian couple's dream wedding in Bengaluru turns tragic as colour bomb explodes on bride's back, watch viral video
)
CSK vs DC IPL 2025 Dream11 prediction: Fantasy cricket tips, probable playing XIs, team news, injury updates for Chennai Super Kings vs Delhi Capitals
)
After leaked casting couch video, Shruthi Narayanan's old statement about social media goes viral: 'You can't share everything, it might...'
)
Who is Rishi Parti, man who bought most expensive penthouse at Gurugram's DLF Camellias for Rs 190 crore, built company at 24, his business is...
)
Meet Chandrakumari Raghuram Shetty, wife of BR Shetty, Dubai billionaire who had to sell his company for just Rs 74
)
Panchayat Season 4 release date: Jitendra Kumar aka Abhishek Tripathi is back as Sachiv ji; Prime Video's hit show to release on...
)
BAD news for central government employees, pensioners as 8th Pay Commission implementation may get delayed till...
The 500 richest people in the world saw a massive tumble in their combined wealth of nearly USD 208 billion -- one of the biggest drops in global fortunes -- in the aftermath of the announcement of reciprocal tariffs by United States President Donald Trump.
This marks the fourth biggest single-day plunge in the 13-year history of Bloomberg's Billionaires Index, and the largest since the Covid-19 pandemic peaked in early 2022.
The most affected billionaires on the Bloomberg list were those from the US.
The hardest hit
The worst-hit of all billionaires was Meta owner and Facebook founder Mark Zuckerberg, who lost USD 17.9 billion or 9% of his total wealth after the tariffs announcement.
Amazon founder Jeff Bezos was also badly hit. He lost USD 15.9 billion in personal wealth after his company's shares fell by 9 percent.
Trump's close aide and the world's richest person Elon Musk lost USD 11 billion as his electric vehicle company Tesla's shares dropped 5.5 percent.
Others who lost
Among other billionaires who lost massive chunks of their wealth were Michael Dell (he lost USD 9.53 billion), Larry Ellison (USD 8.1 billion), Jensen Huang (USD 7.36 billion), Larry Page (USD 4.79 billion), Sergey Brin (USD 4.46 billion) and Thomas Peterffy (USD 4.06 billion).
The only billionaire from outside the US who saw a significant plunge in personal wealth was France's Bernard Arnault -- the chairman of the fashion giant LVMH. Arnault lost USD 6 billion of his personal wealth.
Trump has announced reciprocal tariffs on nations around the world, with rates going as high as 50 percent. India is set to face a 27% tariff on exporting goods to the US.
