Record $536 Billion Wealth Wipeout: U.S. Tariffs Plunge Billionaire Net Worth

A staggering $536 billion vanished from the world’s 500 richest individuals in just two days, as new U.S. tariffs triggered a sharp market decline and unprecedented wealth destruction. Elon Musk suffered the most significant loss, plummeting by $31 billion. The S&P 500 and Nasdaq both experienced over 10% and 11% drops, respectively. 2025 saw the largest two-day wealth decline since records began, according to experts.