On Thursday, the joint assets of 500 wealthiest individuals in the world declined by $ 208 billion, declining the global market rapidly after the announcement of a comprehensive tariff by US President Donald Trump.
It represents the fourth largest single-day deficiency Bloomberg Billion Ayers Index Since its inception 13 years ago, the Kovid -19 crossed the only decline during the peak of the crisis.
Wealth index showed that more than 50 percent of the tracked billionaires experienced financial lossesWith an average reduction of 3.3%. American billionaires were particularly influenced by Mark Zuckerberg of Mark Zuckerberg of Meta Platform Inc. and Jeff Bezos of Amazon Inc.
Carlos Slim of Mexico was one of some non-American billionaires, which remained unaffected by tariffs. Meanwhile, Mexican Bolsa increased by 0.5% after excluding the reciprocal tariff goals of Mexico, the total assets of the slim increased from about 4% to $ 85.5 billion. The Middle East remained the only area where Bloomberg recorded positive benefits to billionaires.
Remarkable disadvantage for day
- Mark Zuckerberg experienced the greatest loss, with a 9% decline of the meta reduced his money by $ 17.9 billion. Meta previously led the ‘Fantastic Seven’ Tech Stock from mid -February, which had exceeded the market price to more than $ 350 billion before the 28 percent decline from mid -February.
- Amazon’s 9 percent decline since April 2022, reduced Jeff Bezos’ personal assets to $ 15.9 billion. The company’s shares have declined by 25 percent since the peak of February.
- The assets of Tesla CEO Elon Musk declined by $ 110 billion, this year declined by $ 110 billion. Despite the initial optimism about Tesla’s US manufacturing base and a report of reduction in possible government work of Musk, the stock fell 5.5 percent after the tariff announcement.
- The assets of Karwana co -CEO Ernest Garcia III declined by $ 1.4 billion as the stocks declined by 20 percent. The company’s stock had increased by more than 425 percent before February 14 before the 36 percent decline.
- Shopify co-founder and CEO Tobi Lutke damaged $ 1.5 billion as the stock fell 20 percent in Toronto.
- The assets of LVMH’s Bernard Arnault declined by $ 6 billion after 20 percent of the European Union tariff.
- The fate of Huali Industrial Group Company founder Zhang Congyuan decreased by $ 1.2 billion after 34 percent tariff in addition to Trump on China.
- Nike Inc., Lululemon Athletica Inc. And major footwear manufacturers, including Adidas AG, also experienced a drop of double points.
The global stock markets declined as investors reacted to US President Donald Trump’s latest tariff and China’s anti -counterparts. Wall Street suffered heavy losses, S&P500 futures below 3.6%, Dow Jones Industrial Average fell below 40,000 to 3.4%and Nasdaq Futures fell below 4%. On Thursday, the worst US market was seen to fall in the first five years, with a loss between 4% and 6%.
European markets did worse work – Germany’s Dax fell 5%, France’s CAC fell 40 4.2%, and UK’s FTSE 100 3.8%lost. Asian markets were also killed, along with Japan’s Nikkei below 225, 2.8% and South Korea’s Kospi fell 0.9%.
Major companies coming in contact with China’s tariff faced a sharp premarket decline, including Boeing (-6%) and Dera & Company (-4.7%). Tech stocks were also barely hit, with Apple 4.7%below. Energy shares declined by 8%as oil prices, since 2021, we have brought crude to its lowest level. Both Exon Mobil and Chevron were lost about 4%.
China’s reaction included 34% tariffs on US imports and strict export controls on rare earth. This growth has given air to a global recession concerns, economists have warned of a potential 2% hit. US economic development And close to 5%inflation. Treasury yield fell rapidly as an anticipated rate cut in investors to combat economic risks.
