President Donald Trump’s sudden sudden introduction sent a shock across the financial world, eliminating more than $ 81 billion from Elon Musk, Jeff Bezos, and Mark Zuckerberg in just two days.
The customs tariff, which is scheduled to enter into force on April 5, 2025, includes a 10 % basic tariff on all imports, in addition to a higher tariff of up to 50 % on the selected countries. These include China (54 %), Taiwan (32 %) and India (26 %), which makes this one of the most aggressive movements in the ongoing commercial battle.
The advertisement sent the global markets to Tailspin, where technology shares were severely struck. The wealth of the world’s richest individuals has achieved tremendous success. Elon Musk, whose wealth is primarily associated with Tesla and Spacex, lost an amazing $ 30.9 billion.
Despite the loss, Musk is still the richest person in the world, with a net value of about $ 302 billion. Jeff Bezos, the founder of Amazon, witnessed $ 23.49 billion that disappear from his wealth, as a group reached 193 billion dollars. Mark, CEO of Meta, lost $ 27.34 billion, leaving a net of $ 179 billion.
In combination, these three Titans lost $ 81.7 billion in just two days, which represents the largest decrease in wealth for two days ever recorded for the richest in the world.
The financial relapse is doubled to hold its prominent role in the Trump administration. While many reports as head of the Ministry of Government efficiency (DOGE) indicate it, it is important to clarify that he is the position of chief adviser to the president.
In this role, Musk is closely working with the Trump administration on a variety of initiatives aimed at improving government efficiency.
However, he does not hold an official leadership title inside Doug and works as a private government employee without the official decision -making authority.
Musk’s participation in the administration has drawn mixed reactions, while praising its ability to simplify operations, while others criticize the potential consequences of its policies on federal employees and public services.
While musk, Bezous and Zuckerberg faced huge losses, not all billionaires saw their wealth shrinking. For example, Dan Gilbert, founder of Rocket Mortgage and Cleveland Cavaliers, gained $ 1.91 billion on Friday, thus reaching a total of 32.4 billion dollars.
Likewise, Carlos Selim, the Mexican Communications Pole, saw his wealth fluctuating, adding $ 2.9 billion on Thursday, losing $ 5.48 billion on Friday.
With Trump’s tariff on April 5, the markets remain volatile, and the questions are still standing about the possible long -term effects on both the global economy and individual wealth.
Trump hinted that these definitions can be re -negotiated with some countries, despite previous assurances that they are not negotiable.
The rapid decrease in the wealth of billionaires highlights the blatant effect that can have these new definitions, especially in the technology sector, which still depends heavily on international manufacturing and components.
