Data: Trump's tariffs caused the world's top 500 richest people to lose more than $500 billion in two days

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MarsBit
04-05
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Mars Finance News: According to Jinshi Report, due to the consequences of U.S. President Trump's announcement of tariffs, which severely impacted global markets, the Bloomberg Billionaires Index revealed that the top 500 global billionaires experienced the largest consecutive two-day losses in history. From Thursday's opening to Friday's closing, billionaires lost a total of $536 billion, with Friday's decline of $329 billion being the largest single-day drop since the peak of the COVID-19 pandemic in 2020. During these two days, no one lost more than Tesla CEO Elon Musk, whose company's stock plummeted over 10% on Friday, causing his net worth to shrink by $31 billion from Thursday's opening and annual losses reaching $130 billion.

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