Elon Musk, Mark Zuckerberg, and Larry Ellison lose more than $10 billion each as Trump’s tariffs trigger a stock market bloodbath

Quick Summary:

Billionaires are feeling the burn amid the fallout from Trump’s tariff announcement—with the stock market crash resulting in names like Warren Buffett, Larry Ellison, and Mark Zuckerberg all losing billions in wealth in just hours.

Moreover, in early January, billionaires were earning some $10 billion a day and holding more wealth than any country except for the U.S.and China.

Warren Buffett appears to have predicted a market turn coming.

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Article Details

Author / Journalist: Preston Fore

Category: EconomyBusiness

Markets: United StatesChina

Topics: Mark Zuckerberg Tariffs Markets Jeff Bezos Wealth Billionaires Elon Musk Warren Buffett

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-07 @ 15:14:40 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 496 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 124 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27662767

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Official Website: fortune.com

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