Billionaires Facing Huge Losses: Wealth Drops Like a House of Cards

According to the Bloomberg Billionaires Index, the wealth of 300 billionaires has increased, while 33 billionaires saw no growth in their wealth. However, 167 billionaires suffered significant losses in their net worth.

Market Turmoil and Its Impact on Billionaires

The financial world is experiencing turmoil, with major billionaires losing billions. One key reason for this is the trade policies of former U.S. President Donald Trump, which have affected the American stock market. On Thursday, the U.S. stock market fell by almost 2%, leading to a sharp decline in the wealth of several top billionaires.

Elon Musk faced the biggest loss, with his wealth dropping by $11 billion. Mark Zuckerberg also suffered, losing around $10 billion. Other business tycoons like Jeff Bezos, Bernard Arnault, Steve Ballmer, and Michael Dell also saw their net worth decline significantly.

Billionaires Who Lost Billions

1. Elon Musk: Lost $10.9 billion, bringing his net worth to $330 billion. His total loss this year is $102 billion.
2. Jeff Bezos: Lost $6.7 billion, reducing his net worth to $222 billion. His total loss this year is $16.7 billion.
3. Mark Zuckerberg: Lost $9.71 billion, now holding $222 billion. Despite this, he gained $14.4 billion this year.
4. Bernard Arnault: Lost $2.68 billion, bringing his total wealth to $188 billion. However, he gained $12.1 billion this year.
5. Larry Ellison: Lost $9.59 billion, now worth $173 billion, with a total decline of $19.3 billion this year.
6. Warren Buffett: Lost $139 million, leaving him with $156 billion. However, he gained $13.7 billion this year.
7. Larry Page: Lost $265 million, now worth $156 billion, with a total loss of $12.6 billion this year.
8. Sergey Brin: Lost $226 million, leaving him with $147 billion. His total loss this year is $11.7 billion.
9. Steve Ballmer: Lost $1.27 billion, now holding $139 billion. His total loss this year is $7.64 billion.
10. Jim Walton: Lost $905 million, reducing his wealth to $117 billion. However, he gained $4.52 billion this year.

Who Gained Wealth?

Out of the world’s top 20 billionaires, only four saw an increase in their wealth:

• Bill Gates (USA)
• Carlos Slim (Mexico)
• Françoise Bettencourt Meyers (France)
• Mukesh Ambani (India)

Stock Market Crash in the U.S.

On Thursday, Wall Street faced heavy losses. Investors reacted negatively to President Trump’s tariff policies, causing the S&P 500 to drop by 1.8%, Dow Jones to fall by 427 points, and Nasdaq to crash by 2.6%.

Why Did the Market Fall?

Trump announced a 25% tariff on imports from Mexico and Canada, causing panic in the market. Even though he later offered a one-month exemption on some tariffs, uncertainty remains. The fear of a long trade war continues to create instability in global markets.

Final Thoughts

The financial world is in chaos, with billionaires losing huge amounts of money due to stock market crashes and trade policies. While a few billionaires have managed to grow their wealth, most have suffered massive declines. If economic uncertainty continues, more instability in the global market is expected.