Billionaires Lose Combined $208 Billion in One Day From Trump Tariffs

1
Comment
Favorite

Billionaires Lose Combined $208 Billion in One Day From Trump Tariffs

Bloomberg04-04

The world’s 500 richest people saw their combined wealth plunge by $208 billion Thursday as broad tariffs announced by President Donald Trump sent global markets into a tailspin.The drop is the fourth...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1158642989?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-04 15:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1158642989","market":"us","top_or_hot":-1,"title":"Billionaires Lose Combined $208 Billion in One Day From Trump Tariffs","media":"Bloomberg","content":"<div>\n<p>The world’s 500 richest people saw their combined wealth plunge by $208 billion Thursday as broad tariffs announced by President Donald Trump sent global markets into a tailspin.The drop is the fourth...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-04-03/stock-market-drop-erases-208-billion-from-bezos-zuckerberg-other-billionaires\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Billionaires Lose Combined $208 Billion in One Day From Trump Tariffs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBillionaires Lose Combined $208 Billion in One Day From Trump Tariffs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-04-04 15:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2025-04-03/stock-market-drop-erases-208-billion-from-bezos-zuckerberg-other-billionaires><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The world’s 500 richest people saw their combined wealth plunge by $208 billion Thursday as broad tariffs announced by President Donald Trump sent global markets into a tailspin.The drop is the fourth...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2025-04-03/stock-market-drop-erases-208-billion-from-bezos-zuckerberg-other-billionaires\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"300979","symbol_name":"华利集团","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2025-04-03/stock-market-drop-erases-208-billion-from-bezos-zuckerberg-other-billionaires","article_id":"1158642989","we_media_id":null,"thumbnails":[],"rights":{"source":"lsy1584095487587","url":"https://www.bloomberg.com/news/articles/2025-04-03/stock-market-drop-erases-208-billion-from-bezos-zuckerberg-other-billionaires","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1158642989","pubTimestamp":1743752728,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"The world’s 500 richest people saw their combined wealth plunge by $208 billion Thursday as broad tariffs announced by President Donald Trump sent global markets into a tailspin.The drop is the fourth","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"300979":"华利集团","LVMUY":"路易威登","SHOP":"Shopify Inc","TSLA":"特斯拉","CVNA":"Carvana Co.","META":"Meta Platforms, Inc.","AMZN":"亚马逊"},"translate_title":"亿万富翁一天内因特朗普关税损失总计2080亿美元","themeId":"a480c750ce3d7323c3e7e93375ae4a94","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"300979":1.1,"META":1.1,"LVMUY":1.1,"AMZN":1.1,"TSLA":1.1,"SHOP":1.1,"CVNA":1.1},"content_text":"The world’s 500 richest people saw their combined wealth plunge by $208 billion Thursday as broad tariffs announced by President Donald Trump sent global markets into a tailspin.The drop is the fourth-largest one-day decline in the Bloomberg Billionaires Index’s 13-year history, and the largest since the height of the Covid-19 pandemic.More than half of those tracked by Bloomberg’s wealth index saw their fortunes tumble, with an average decline of 3.3%. Billionaires in the US were among the hardest hit, with Meta Platforms Inc.’s Mark Zuckerberg and Amazon.com Inc.’s Jeff Bezos leading the way.Carlos Slim, Mexico’s richest man, was among a small group of billionaires outside the US who escaped the tariffs’ impact. The Mexican Bolsa rose 0.5% after the country was excluded from the White House’s list of reciprocal tariff targets, pushing Slim’s net worth up by about 4% to $85.5 billion. The Middle East was the only region where those on Bloomberg’s wealth index eked out net gains for the day.Here are some of the day’s biggest losers:Mark ZuckerbergThe Meta founder was the biggest loser in dollar terms, with the social media company’s 9% slide costing its chief executive officer $17.9 billion, or around 9% of his wealth. Meta was the standout winner among the Magnificent Seven index of megacap tech stocks from New Year’s Day through mid-February, riding nearly a month of consecutive gains to add more than $350 billion in market value. Since mid-February, though, shares have tumbled about 28%.Jeff BezosAmazon shares plunged 9% Thursday, their biggest drop since April 2022, costing the tech giant’s founder $15.9 billion in personal wealth. The company’s stock is down more than 25% from its February peak.Elon MuskThe Tesla CEO has lost $110 billion so far this year — including $11 billion on Thursday — as lagging deliveries and his controversial role as Trump’s efficiency czar have hammered the electric-vehicle manufacturer’s stock. Earlier this week, things were looking up: Because Tesla manufactures many of its cars in the US, tariffs could have a lesser effect on the company than its foreign peers. It stock also rallied on reports that Musk would soon be stepping back from his government work to potentially refocus on Tesla. However, shares fell 5.5% Thursday after tariffs were announced.Ernest Garcia IIIThe Carvana Co. CEO’s wealth tumbled $1.4 billion after the used car seller’s shares lost 20%. The company’s stock had surged more than 425% in the 12 months through Feb. 14, but has since fallen by 36%.Tobi LutkeThe co-founder and CEO of Canadian e-commerce company Shopify lost $1.5 billion, or 17% of his fortune. Shares of Shopify, which generates much of its revenue from sales of imported goods, fell 20% in Toronto as the S&P/TSX Composite Index suffered its worst day since March 2020.Bernard ArnaultThe European Union is bracing for a new 20% flat tariff on all products bound for the US, which is expected to hurt exports of alcohol and luxury goods, among other things. Arnault’s LVMH, a conglomerate which owns brands including Christian Dior, Bulgari and Loro Piana, saw its shares fall in Paris, wiping $6 billion off the net worth of Europe’s richest person.Zhang CongyuanThe founder of Chinese shoemaker Huali Industrial Group Co. lost $1.2 billion, or 13% of his fortune, as Trump’s additional 34% tariff on China sent the company’s stock plummeting. Footwear manufacturers based in the US and Europe also felt the pain: Nike Inc., Lululemon Athletica Inc. and Adidas AG, all of which have significant manufacturing facilities in Southeast Asia, each fell by double digits.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}