Tariffs trigger $208bn wealth wipeout for world’s richest

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According to Bloomberg, the 500 richest people in the world saw a decline of $ 208 billion on Thursday, when the extended prices announced by President Donald Trump sent global markets to Tail Spin.

The 13 -year -old history of the Bloomberg billionaire index is the fourth largest one -day decline, and the largest since the height of the Covade 19 pandemic.

In a day published by the Trump tariff last week, ‘billionaires jointly defeated 8 208 billion, Bloomberg added that more than half of the traitors through Bloomberg’s Wealth Index messed up their luck, decreasing on average 3.3 percent. Mark Zuckerberg of Meta Platforms Ink and Amazon.com Ink’s Jeff Bezos guided the route, the billionaires were the most affected in the United States.

Mexico’s richest Carlos Saleem was one of a small group of billionaires outside the United States that survived the effects of taxes. Mexico’s Bolsa increased the country by 0.5 % after removing the country from the White House’s mutual price targets, which increased the price of Salem by about 4 % to $ 85.5 billion. The Middle East was the only region where people in the Bloomberg’s Wealth Index gained pure benefits for the day.

According to the report, here are the biggest losses of the day:

Mark Zuckerberg

The founder of Meta was the largest loser in terms of the dollar, with a 9 percent of the social media company’s slide costing its chief executive officer to cost $ 17.9 billion, or about 9 % of its wealth. From the mid -February of the Meta -February, there was a standout winner in the magnificent seven index of the Migakap Tech stock, which increased the profits of about a month by more than $ 350 billion by about a month. Since mid -February, though, shares have increased by about 28 %.

Jeff Bezos

Amazon shares reduced 9 % on Thursday, which is the largest decline since April 2022, in which the founder of the Tech Dev founder costs $ 15.9 billion in personal wealth. The company’s stock is less than 25 % from the top of February.

Elon Musk

Tesla’s CEO has lost $ 110 billion so far this year-which includes $ 11 billion on Thursday-because Trump’s performance as a decline in supply and his controversial role has hammer the electric vehicle manufacturer’s stock. Earlier this week, matters were looking: Since Tesla manufactures many of its cars in the United States, the revenue can have less impact on the company than its foreign peers. Its stock also staged a rally on the reports that Musk would soon withdraw from its official work to focus on Tesla soon. However, after the announcement of revenue, the shares declined by 5.5 percent on Thursday.

Ernest Garcia III

Carvana’s CEO’s wealth reduced $ 1.4 billion after a 20 % reduction in shares of a car seller. By February 14, the company’s stock increased by more than 425 % in 12 months, but since then it has decreased by 36 %.

Looted Toby

Shapif, co -founder and CEO of Canada’s e -commerce company, lost $ 1.5 billion or 17 percent of his fortunes. Shapf’s shares, which generate most of its income from the sale of imported goods, declined by 20 % in Toronto as the S&P/TSX composite index suffered the worst day after March 2020.

Bernard Arnolt

The European Union is looking for a new 20 % flat tariff for a 20 % flat tariff on all products binding to the United States, which is expected to damage the exports of alcohol and luxury equipment, among other things. Arnolt’s LVMH, a collective party, who owns brands, including Christian Dyer, Bulgari and Loro Pina, saw his shares falling in Paris, which wiped out $ 6 billion from the pure value of Europe’s richest man.

Zhang Kongian

The founder of the Chinese Shulei Holi Industrial Group Company lost $ 1.2 billion or 13 percent of its luck, as Trump’s additional 34 % tariff on China reduced the company’s stock. Shoes manufacturers based in the United States and Europe also felt hurt: Nike Inc., Lolimon Athletica Inc. and Adidas AG, all of which have major manufacturing facilities in Southeast Asia, each falling from dual digits.