Trump's Tariff Turmoil Topples Ultra-Rich's Wealth — $174B Wiped Out From Fortunes Of World's Top 10 Billionaires, Including Elon Musk, Warren Buffett And Mark Zuckerberg

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Trump's Tariff Turmoil Topples Ultra-Rich's Wealth — $174B Wiped Out From Fortunes Of World's Top 10 Billionaires, Including Elon Musk, Warren Buffett And Mark Zuckerberg - Benzinga

Quick Summary:

The 10 wealthiest individuals in the world, including Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), have lost $174 billion following President Donald Trump‘s tariff announcement on April 2.

As per the Bloomberg Billionaires Index, since the tariff announcement on April 2, Elon Musk and Meta (NASDAQ:META) CEO Mark Zuckerberg saw the maximum decline, with Musk losing $33 billion, while Zuckerberg lost $26 billion.

This resulted in a significant shrinkage of the equity stakes of the world’s richest, who had a combined net worth exceeding $2 trillion at the start of 2025.