Data: Trump's tariffs caused the world's top 500 richest people to lose more than $500 billion in two days
ChainCatcher reported that according to Jinshi, the consequences of President Trump's announcement of tariffs hit global markets hard, and the top 500 richest people in the world suffered the largest two-day losses in history in the Bloomberg Billionaires Index.
From the opening of Thursday to the close of Friday, the billionaires on the rich list lost a total of $536 billion, of which Friday's $329 billion drop was the largest single-day drop since the peak of the COVID-19 pandemic in 2020. In these two days, no one lost more than Tesla CEO Musk. The company's stock price plummeted by more than 10% on Friday, causing Musk's net worth to shrink by $31 billion from the opening of Thursday, and the annual loss reached $130 billion.
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