From Yahoo Finance: 2025-04-16 13:03:00

Recent trouble on Wall Street following President Trump’s tariffs announcement cost some of the world’s wealthiest individuals billions in net worth. Elon Musk lost over $30.9 billion, Jeff Bezos nearly $23.5 billion, and Mark Zuckerberg about $27.3 billion. Tech stocks were hit hard, affecting their companies Tesla, Amazon, and Meta.

Other billionaires like Larry Ellison, Jensen Huang, and Michael Dell also saw significant losses in early 2025. Analysts predicted good times for billionaires with Trump in office, but potential cuts to regulations and taxes may impact their money. The ultra-wealthy are facing uncertainty as they wait to see the effects.

Read more: Bezos, Zuckerberg and 4 Other Ultra-Wealthy People Losing Money in 2025