According to the calculations of the Bloomberg platform, the 500 richest people in the world lost a total of 208 billion dollars yesterday due to a sharp drop in stock prices after the introduction of tariffs by the administration of President Donald Trump.
This is the fourth largest one-day decline in the 13-year history of the Bloomberg Billionaires Index, and also the largest since the peak of the COVID-19 pandemic.
The biggest losses were recorded among the leaders of American technology giants.
Meta founder Mark Zuckerberg lost the most — $17.9 billion — after his company’s stock fell 9 percent, Bloomberg reports.
Jeff Bezos lost $15.9 billion as Amazon shares also sank 9 percent in one day.
Elon Musk lost $11 billion, bringing his total year-to-date losses to $110 billion.
