The world's 500 richest people lost $208 billion in a single day..!?
The world's 500 richest people lost $208 billion in a single day..!?
In one of the sharpest declines in global wealth, the world's 500 richest people lost a combined $208 billion in assets in a single day after US President donald trump announced a reciprocal tax on april 2 in an "Emancipation Day" proclamation, Bloomberg reported. Trump's move, which caused great confusion in global markets, has caused the Bloomberg Billionaires Index to suffer its fourth-largest single-day decline in its history. This is the biggest decline since the peak of the Corona pandemic. Most of the billionaires who were hit hard by this decline are from the United States. In this, the leading rich people who run technology and business world empires, including amazon founder Jeff Bezos, tesla chairman Elon Musk, and data-facebook founder Mark Zuckerberg, suffered the most losses. According to Bloomberg, amazon founder Jeff Bezos' shares fell by 9 percent, which is the biggest drop in amazon since april 2022. With this fall, he lost $ 15.9 billion in his personal wealth.
In one of the sharpest declines in global wealth, the world's 500 richest people lost a combined $208 billion in assets in a single day after US President donald trump announced a reciprocal tax on april 2 in an "Emancipation Day" proclamation, Bloomberg reported. Trump's move, which caused great confusion in global markets, has caused the Bloomberg Billionaires Index to suffer its fourth-largest single-day decline in its history. This is the biggest decline since the peak of the Corona pandemic. Most of the billionaires who were hit hard by this decline are from the United States. In this, the leading rich people who run technology and business world empires, including amazon founder Jeff Bezos, tesla chairman Elon Musk, and data-facebook founder Mark Zuckerberg, suffered the most losses. According to Bloomberg, amazon founder Jeff Bezos' shares fell by 9 percent, which is the biggest drop in amazon since april 2022. With this fall, he lost $ 15.9 billion in his personal wealth.
However, the biggest loser in this list is Mark Zuckerberg, the founder of data-facebook and Meta. His net worth fell by 9 percent in a single day, which is considered a very rare decline. As a result, he lost a total of $17.9 billion in wealth, the largest single-day loss in his history. Many wealthy people outside the united states also suffered inevitable losses due to Trump's tax announcement. Zhang Kangyuan, founder of Chinese footwear manufacturer Huali Industrial Group Co., lost $1.2 billion in a single day. This is a 13% drop in personal wealth. Similarly, Bernard Arnault, chairman of LVMH (Louis Vuitton, Moet & Hennessy) Group, lost $6 billion. Toby Ludtke, co-founder and CEO of Canadian company Shopify, lost $1.5 billion, or 17% of his wealth.