Trump's Tariff Turmoil Topples Ultra-Rich's Wealth — $174B Wiped Out From Fortunes Of World's Top 10 Billionaires, Including Elon Musk, Warren Buffett And Mark Zuckerberg

The 10 wealthiest individuals in the world, including Elon Musk, CEO of Tesla Inc., have lost $174 billion following President Donald Trump‘s tariff announcement on April 2. On a year-to-date basis, they lost nearly a staggering $350 billion. What Happened: Following Trump’s tariff declaration last Wednesday, the S&P 500 plummeted 11%. This resulted in a significant shrinkage of the equity stakes of the world’s richest, who had a combined net worth exceeding $2 trillion at the start of 2025. As