500 billionaires 'evaporated' 208 billion USD in 24 hours because of President Trump's taxes

This is the fourth-largest one-day drop in the index's 13-year history, and the most significant since the COVID-19 pandemic, according to the Bloomberg Billionaires Index (BBI). The report notes that more than half of the billionaires on the list saw their fortunes fall by an average of 3.3%.

Illustration: MarketWatch

The biggest losers were American billionaires. Meta CEO Mark Zuckerberg lost the most, losing $17.9 billion as Meta shares fell 9%. Amazon founder Jeff Bezos lost $15.9 billion as his shares fell by the same amount.

Tesla shares fell 5%, costing CEO Elon Musk $11 billion in a single day, bringing his total loss since the start of 2025 to $110 billion—roughly the GDP of a medium-sized country. Meanwhile, the “hate Musk” movement continued to spread: people put protest stickers on their cars, some even vandalized Tesla dealerships.

Carlos Slim – Mexico's richest man – is one of the few non-US billionaires who has not been affected much by this tariff shock.

While most billionaires lost their fortunes, Warren Buffett, the calm businessman of the investment world, lost only $2.57 billion, still maintaining a positive profit of $23.4 billion since the beginning of the year. Amidst the world's panic, Buffett still maintained his view: "If the business does well, the stock will follow."

Earlier on April 2, Mr. Trump announced that he would impose import tariffs on goods from 185 countries and territories. The minimum tax rate is 10%, but some countries will have to pay higher rates. This policy immediately caused the US market to fluctuate, creating a wave of selling not seen since the COVID era.

Hoai Phuong (according to Bloomberg, Financial Express, TASS)

Source: https://www.congluan.vn/500-ty-phu-boc-hoi-208-ty-usd-trong-24-gio-vi-thue-cua-tong-thong-trump-post341462.html