Billionaire Wealth Plummets Following Trump Tariff Announcement

A new tariff plan by U.S. President Donald Trump triggered significant financial losses for the world’s wealthiest individuals. According to Odaily, their collective wealth saw a substantial decline of over $500 billion in just two trading days, as indicated by the Bloomberg Billionaires Index. Elon Musk remains the richest person globally despite experiencing a notable loss of $134.7 billion this year. As of Monday, Eastern Time, his net worth dipped below $300 billion for the first time since November 2024.