Elon Musk, Jeff Bezos, and Mark Zuckerberg have suffered major financial losses overnight. Their combined net worth dropped by $42.6 billion.
This sudden decline came in response to President Trump’s sweeping new tariffs. Stock market volatility followed immediately after the announcement.
Trump’s tariff announcement caused a rapid decline in billionaire wealth
Trump introduced his new global tariffs during a speech in early January. He called the moment “Liberation Day” for American industry. The announcement triggered widespread economic reactions around the world.
Almost every country, including those with no population, faced new tariffs. This sparked confusion and fear in global markets. The result was a sharp drop in tech company stock prices.
Meta Amazon and Tesla all saw sharp losses in the last 24 hours
Meta shares dropped by 8.96% in 24 hours. Amazon fell by 8.98%. Tesla also declined by 5.47%.
These sudden drops directly affected the net worth of the three tech billionaires. Elon Musk lost $8.7 billion. Mark Zuckerberg saw a $17.9 billion drop. Jeff Bezos lost $16 billion overnight.
These numbers represent nearly 10% of both Zuckerberg’s and Bezos’ wealth. Musk, despite the loss, still leads with a $342 billion fortune.
The report pointed out that global billionaire wealth has dropped by more than $200 billion overall.
According to Bloomberg, the world’s top 500 billionaires lost $208 billion. The biggest drops came from tech leaders heavily invested in AI and global markets.
This follows a year of volatility, including the DeepSeek AI bubble burst. Trump’s return to office has added more unpredictability to global financial markets.
Previously, people are stunned by the net worth of billionaire at Donald Trump’s inauguration.
In a single photo from the inauguration, five high-profile individuals stand out.
Among them are Facebook founder Mark Zuckerberg, journalist Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai, and SpaceX CEO Elon Musk.
Elon Musk, 53, holds the title of the wealthiest person in the world. His net worth stands at $428.8 billion, according to Forbes. Musk cofounded seven companies, including PayPal and Tesla.
While, Jeff Bezos, 61, the founder of Amazon, has a net worth of $244.4 billion. He founded Amazon in 1994 and became executive chairman after stepping down as CEO in 2021.
Mark Zuckerberg, 40, the founder of Facebook, has a net worth of $213.4 billion. He took Facebook public in 2012 and still owns a 13% stake in the company.
Elon Musk was heavily impacted by Trump’s tariffs.
One of the richest men in the world, possibly Elon Musk, may be the most affected by Trump’s tariffs. Musk’s personal wealth continues to fluctuate alongside Tesla’s stock value.
Musk remains highly vulnerable to changes in Tesla’s stock price. He owns over 410 million shares in the company.
Every time Tesla stock drops by $2.43, Musk reportedly loses $1 billion. Tesla has already seen a $197 drop from its 2024 peak.
In just a few months, Musk’s wealth declined by over $80 billion. This steep decline followed major gains after Trump’s 2024 election victory.
Trump’s unexpected global tariffs triggered the massive decline. While the White House denies any connection, tech stocks clearly suffered. However, Elon Musk, Jeff Bezos, and Mark Zuckerberg lost $42.6 billion in a single night.