World’s Wealth Plunges as Tariffs Trigger Historic Market Downturn

The world’s 500 wealthiest individuals experienced a staggering $536 billion loss over just two days in April 2025, the largest wealth decline ever recorded. This unprecedented market downturn was triggered by new U.S. tariffs and a dramatic stock market drop that hit sectors like technology and luxury particularly hard. Tech giants such as Tesla and Meta saw their valuations plummet following President Trump’s tariff announcement, prompting a historic sell-off in both the S&P 500 and NASDAQ Composite.