Zuckerberg, Bezos, Musk lose billions in market collapse

Like President Donald Trump Message about ‘reciprocal’ rates sent Shokuy through Wall StreetThe world’s largest people have lost billions of dollars of net value almost overnight.

On Wednesday, Trump announced a major 10% tariff for imported goods from all countries to come into force on April 5, and “individualized” tariffs up to 50% in a series of specific countries and regions. The message caused the stock exchange collapse: Indow Jones Industrial Sentri, S&P 500 and Nasdaq Composite fell by over 5% on Friday, after similar losses on Thursday.

Collectively, the two-day decline deleted $ 30.9 billion net value for Elon Musk, $ 23.49 billion for Jeff Bezos and $ 27.34 billion for Mark Zuckerberg-three richest people in the world-in this line, according to Bloomberg Index for billionaires. The 500 richest people in the world experienced the largest two-day loss ever registered by the index, According to BloombergS

Much of the net value of the best trio comes from the value of their respective companies: Tesla, Amazon and MetaS The newly announced tariffs hit technological stocks particularly difficult because of reading industry, computer chips and IT services from countries such as China, India and Taiwan.

Trump’s announcement includes a 32% Taiwan’s tariff rate, 26% of India and an increase in China, resulting in a total percentage of up to 54% for imported goods. Reduction of American economic growth Can also damage the revenue from advertising for Amazon and MetaThe CNBC Investment Club with Jim Cramer celebrated Thursday.

Musk, who works closely with Trump as a senior advisor and factual head of the Ministry of Government of Administration (Dogi), was already experiencing losses for his net value in 2025. Tesla declared Sales of 336 681 vehicles this year in the first quarter on Wednesday, 13% drop compared to last yearNoting its oldest neighborhood since 2022.

Musk’s happiness has taken a hit of $ 130 billion so far this year, says the Bloomberg Index. His current estimated net worth of $ 302 billion remains much larger than Bezos, at $ 193 billion, and Zuckerberg at $ 179 billion.

Not all billionaires lost money on Thursday and Friday. Rocket Mortgage co -founder and Cleveland Cavaliers owner Dan Gilbert won $ 1.91 billion on Friday, giving him a net worth $ 32.4 billion, according to the Bloomberg Index. Mexican businessman Carlos Slim received a $ 2.9 billion in a sloping on Thursday – before losing $ 5.48 billion on Friday, the index said.

Slim, 85, who was declared the most rich person from Forbes from 2010 to 2013, started as a stock dealer in Mexico in the 60s. His estimated net worth of $ 80 billion comes mainly from possessions in his long -standing industrial conglomerate Grupo Carso and Latin American Telecommunication Company América Móvil, according to ForbesS

Slim predicts that the Trump administration tariffs will be temporary and is used mainly as a tactics of negotiations, he told Bloomberg in in interview This was published on Tuesday. On Thursday, Trump said he would be open to negotiate tariff rates with other countries, Despite White House assistants who insist the oppositeS

“The US has no other alternative than to change the way it does things,” Sim said.

Do you want a new career that is higher paid, more flexible or performing? Get the new CNBC online course How to change your career and be more happily at workS Expert instructors will teach you strategies to connect successfully, update your resume and confident move to your dream career. Pre -register today and use an early bird coupon code for a 30% discount of $ 67 (+taxes and fees) by May 13, 2025.

Plus this, Sign up for CNBC, make your newsletter Get advice and tricks for success, with money and in life.