The recent imposition of tariffs by U.S. President Donald Trump has sent shockwaves through global markets, significantly affecting the wealth of the world’s richest individuals. The tariffs, which include a baseline 10% on all imports and higher rates for specific countries, have led to substantial losses for many billionaires.
The key losers are :
Mark Zuckerberg: The Meta CEO faced one of the steepest losses, with his net worth plummeting by approximately $27.34 billion over two days, largely due to a 9% drop in Meta’s stock. This decline is part of a broader trend that has seen Meta’s stock fall by about 28% since mid-February.
Jeff Bezos: Bezos, the founder of Amazon, saw his wealth decrease by around $23.49 billion. This loss was exacerbated by a more than 7% drop in Amazon’s stock price.
Elon Musk: Musk, who has been closely associated with Trump, experienced a loss of approximately $30.9 billion in his net worth. This decline is part of a larger trend for Musk, whose wealth has decreased by $130 billion in 2025 alone.
Other Affected Billionaires:
Huali Industrial Group Co. founder Zhang Congyuan: His fortune decreased by $1.2 billion due to increased tariffs on China.
Gary Friedman, CEO of Restoration Hardware: His net worth plummeted by 39%, erasing $450 million from his wealth4.
Carlos Slim: The Mexican tycoon was one of the few billionaires whose wealth increased, rising by approximately 4% to $85.5 billion. This gain was largely due to Mexico’s exclusion from the U.S. tariff list, which shielded its economy from immediate market impacts.
The tariffs have resulted in a collective loss of $208 billion for the world’s 500 richest individuals, marking the fourth-largest single-day decline in the Bloomberg Billionaires Index’s history. This economic shift underscores the significant influence of U.S. trade policies on global markets and the wealth of the world’s most affluent individuals.
