One week into the trade war, Trump has lost over 500 million dollars.

Author: Penny

Since April 3, when Trump announced the imposition of “reciprocal tariffs” on major trading partners including China, Japan, and Vietnam, global stock markets have begun experiencing varying degrees of plummeting — the U.S. stock market faced an epic collapse, with Nasdaq futures dropping by 4.7% in a single day after the policy announcement, S&P 500 futures falling by 5%, and Dow futures plunging by as much as 1822 points. As of April 9, the S&P 500 index had cumulatively dropped by 18.9% from its February peak, erasing $5.8 trillion in market value, marking the worst four-day decline since 1950. Tech stocks have become the “hardest hit” in this stock market disaster, with Apple’s stock price plummeting 23% over four days, and the combined market value of seven major tech giants including Microsoft and Nvidia evaporating by $1.65 trillion. This shock is directly attributed to the risk of supply chain disruptions — 75% of Apple’s components rely on production in Asia, leading to significant pressure from tariff cost transmission. According to Bloomberg, the total market value of global stock markets has shrunk by $10 trillion, with the Vietnamese stock market dropping over 6% in a single day, the Nikkei 225 index plunging nearly 3%, and the three major European indices all falling by more than 1%.

When the nest is overturned, how can there be a complete egg? At a time when global investors are in deep anguish, Trump himself cannot escape the disaster in this global market crash.

personal wealth was “rebounded” by 500 million dollars

According to an April 8 report by Forbes, Trump was estimated to be worth $4.7 billion when he announced his massive tariff plan on April 2, but in less than a week, his assets fell to $4.2 billion, wiping $500 million in a week. The lion’s share of the loss of personal wealth came from his Trump Media and Technology Group, whose shares have fallen about 5 percent since April 3, and Trump owns 114.75 million shares, wiping out about $170 million in total assets alone.

In addition to this, Trump also owns a large number of shares in tech giants. According to the Federal Election Commission (FEC), presidential candidates must submit a personal financial disclosure report covering their assets, liabilities and sources of income, including stock investments, by May 15 of each year. His newly disclosed 2024 report shows that Trump owns shares in Apple, Microsoft, Nvidia, Amazon, Alphabet (Google), Meta Platforms, Berkshire Hathaway, PepsiCo, JPMorgan Chase, and more, with values ranging from $100,000 to $1 million, with Apple, Microsoft, and Nvidia each worth more than $500,000. The total value of these shares alone is $2.25 million to $4.75 million, and if Trump does not significantly change his stock position in the eight months after the disclosure, the collapse will have a significant impact on his book wealth.

Source of the image: Trump's personal financial disclosure report

In addition, the value of the real estate asset portfolio held by the U.S. President has shrunk from 660 million dollars to 570 million dollars during this period, a decrease of about 90 million dollars. His golf-related assets have also suffered losses, as many of the golf balls, clubs, and apparel sold in specialty stores rely on imports.

In addition, Trump’s family crypto project WLFI also incurred huge losses from trading ETH. On April 9, according to monitoring by Lookonchain, a wallet suspected to be related to WLFI sold 5,471 ETH at an average price of $1,465, resulting in $8.01 million. The address had previously spent about $210 million to buy 67,498 ETH at an average price of $3,259, and the current paper loss has reached about $125 million.

The world’s richest have an average loss starting from ten billion.

The British “Guardian” reported that since Trump announced the imposition of tariffs on April 3, by the close of trading on April 4, the world’s 500 richest individuals lost a total of $536 billion in the stock market over the first two days, marking the largest two-day wealth loss ever recorded by the Bloomberg Billionaires Index. Among them, the wealth of several billionaires who support Trump or participated in his inauguration ceremony in January has shrunk to varying degrees, with Elon Musk and Mark Zuckerberg being the most affected. The following is the real-time ranking of Bloomberg billionaires (as of April 9).

The picture shows the Bloomberg Billionaires Index on April 9.

After becoming a prominent and controversial figure in the Trump administration, Elon Musk, the CEO of Tesla and the world’s richest person, has seen his wealth significantly shrink, suffering the most severe blows. With the stock price plummeting, by last Friday’s closing, Musk’s net worth evaporated by $31 billion. From the beginning of this year to now, Musk’s wealth has decreased by about $143 billion, but he still firmly holds the title of the world’s richest person, with a net worth of $290 billion.

Facebook founder and owner of Instagram and WhatsApp, Mark Zuckerberg, has suffered the second highest loss, amounting to more than $27 billion. The net worth of this world’s third richest person is estimated at $181 billion, heavily impacted by the plummeting market value of Meta. The company’s stock price dropped nearly 14% in just two days, as the trade war has hit tech companies particularly hard. Many of the world’s largest companies rely on Asian markets for manufacturing, computer chips, and IT services, and the Asian market is one of the countries where Trump imposed the most severe tariffs. Zuckerberg made a notable “Trump pivot” to Meta just weeks before Trump took office, and so far this year, his personal wealth has evaporated by more than $26.5 billion.

Amazon founder and owner of The Washington Post Jeff Bezos’s two-day loss ranks third at $23.5 billion. As a leading global importer, Amazon’s market value has shrunk by hundreds of billions of dollars this year. Chinese sellers account for over 50% of Amazon’s third-party marketplace share, and its cloud services also primarily rely on technology produced by manufacturers in Asia. In February this year, Bezos’s $10 billion climate and biodiversity fund ceased funding one of the world’s most important climate certification organizations, which some believe was a “surrender” to Trump and his anti-climate action stance. Bezos is the world’s second-richest person, with an estimated net worth of $192 billion, and his wealth has evaporated by $47.2 billion this year.

Despite experiencing a two-day market crash, not all billionaires have seen their net worth shrink. Warren Buffett, the savvy chairman and largest shareholder of the investment company Berkshire Hathaway, has seen his wealth increase to $154 billion this year. During the two-day stock market crash, he did lose $2.57 billion, but his net worth has increased by $11.9 billion so far this year.

Trump’s tariff policy is a high-risk experiment that deeply binds personal political demands to financial markets. The massive evaporation of the wealth of Trump and the world’s other richest men in just a few days not only exposes the conflict of interests between policymakers and capital markets, but also reveals the self-paradox of “protectionism” in the era of globalization – when politicians try to build walls with tariffs, it is often their own empires of wealth that collapse first. For investors, this storm has once again validated an iron law: in a highly interconnected global market, no one is truly immune.