According to ChainCatcher news, reported by Jin10, the consequences of President Trump’s announcement of tariffs have severely impacted the global market, causing the top 500 billionaires in the Bloomberg Billionaires Index to experience the largest consecutive two-day loss in history.
From Thursday’s opening to Friday’s closing, billionaires on the rich list lost a total of $536 billion, with Friday’s drop of $329 billion marking the largest single-day decline since the peak of the COVID-19 pandemic in 2020. During these two days, no one lost more than Tesla CEO Elon Musk, as the company’s stock price plummeted over 10% on Friday, resulting in a $31 billion reduction in Musk’s net worth compared to Thursday’s opening, bringing his annual losses to $130 billion.
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