Global Billionaires Lose $208 Billion Following Trump’s Tariff Move, Zuckerberg Hit Hardest"

In one of the biggest wealth declines in over a decade, the world’s 500 wealthiest individuals collectively lost $208 billion after U.S. President Donald Trump announced a series of reciprocal tariffs.

Facebook and Meta founder Mark Zuckerberg faced the steepest loss, with his fortune shrinking by $17.9 billion—marking a 9% drop in his net worth.

This downturn marks the fourth-largest single-day dip in the 13-year history of the Bloomberg Billionaires Index, with the last comparable decline occurring at the height of the Covid-19 pandemic. Following the tariff announcement, American billionaires bore the brunt of the financial hit.

Among them, Amazon’s Jeff Bezos saw his net worth plunge by $15.9 billion after the company’s shares tumbled 9%, its sharpest drop since April 2022. Tesla CEO Elon Musk, a close associate of Trump and a government advisor, lost $11 billion as Tesla shares dipped by 5.5%.

Other U.S. billionaires who saw significant reductions in their wealth included Michael Dell ($9.53 billion), Larry Ellison ($8.1 billion), Jensen Huang ($7.36 billion), Larry Page ($4.79 billion), Sergey Brin ($4.46 billion), and Thomas Peterffy ($4.06 billion).

Outside the U.S., the only non-American billionaire significantly impacted was French luxury mogul Bernard Arnault. With the European Union set to face a new 20% flat tariff on all exports to the U.S.—which could hit industries such as alcohol and luxury goods—Arnault’s conglomerate LVMH suffered a market dip. Shares of the company, which owns brands like Christian Dior, Bulgari, and Loro Piana, fell in Paris, wiping $6 billion off his net worth.

Trump’s tariff hikes primarily targeted nations he accused of unfair trade practices. China faced an additional 34% tariff, raising the total added tax to 54%. The European Union was hit with a 20% rate, while Japan saw a 24% increase.