AssetID: 54645830
Headline: UNCAPTIONED: Musk Loses $11 Billion as Trump Tariffs Wipe $208 Billion from Global Billionaire Fortunes
Caption: Musk Loses $11 Billion as Trump Tariffs Wipe $208 Billion from Global Billionaire Fortunes. Elon Musk lost $11 billion in a single day after Donald Trump’s new tariffs came into effect, according to Bloomberg. The Tesla CEO, a known ally of the former president, was one of several American billionaires whose fortunes took a major hit. Bloomberg’s Billionaires Index reported that over half of the 500 richest individuals saw losses, with a combined wealth drop of $208 billion. Musk’s total losses for the year now stand at $110 billion, as Tesla shares dropped 5.5% on Thursday alone. Jeff Bezos also suffered, losing $15.9 billion after Amazon shares plunged by 9% following the tariff announcement. Mark Zuckerberg saw a $17.9 billion decline, amounting to 9% of his personal fortune, with Meta shares down 28% since mid-February. The tariffs have rattled markets and investor confidence, sending ripples across the tech and automotive sectors in particular. The wealth losses come as Trump ramps up economic nationalism, with sweeping trade penalties triggering market volatility. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Elon Musk $11bn loss,Tesla shares down,Jeff Bezos $15.9bn loss,Amazon shares fall,Mark Zuckerberg $17.9bn loss,Meta 28% drop,Trump tariffs impact,Bloomberg Billionaires Index,Trump tariffs,Elon Musk,billionaire wealth losses,Tesla stock,Amazon shares,Meta decline,US trade policy,market volatility,global rich list,economic nationalism
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