4/4/2025–|Last update: 4/4/202505:49 PM (Mecca time)
The 500 richest people in the world lost 208 billion dollars on Thursday, after US President Donald Trump announced customs duties on most countries of the world.
Trump’s announcement of a turmoil in global markets caused many wealthy people and major companies huge sums of money. The billionaires in the United States were among the most affected, as Marc Zuckerberg, founder of Mita Platforms, and Jeff Bezos, founder of Amazon.
The biggest losers
Mark Zuckerberg
Mark Zuckerberg The founder of Mita was the largest loser in terms of dollar value, as Meta’s shares decreased by 9% of its CEO 17.9 billion dollars, equivalent to 9% of his wealth.
Jeff Bezos
Amazon shares decreased by 9% yesterday, Thursday, its largest decline since April 2022, costing the founder of the technology giant Jeff Bezos $ 15.9 billion of his personal wealth. The company’s shares fell by more than 25% from its peak last February.
Elon Musk
Tesla CEO Elon Musk lost $ 11 billion on Thursday, due to the decrease in the shares of Tesla due to the trade tensions that may affect production and global supply chains.
Ernest Garcia
The wealth of the CEO of Carvana, Ernest Garcia, fell 1.4 billion dollars after the shares of the used car sale company lost 20%.
The share of the company has increased by more than 425% during the 12 months until February 14, but has since decreased by 36%.
Toby Lotki
The co -founder and CEO of the Canadian e -commerce company, Shubai, lost $ 1.5 billion, equivalent to 17% of his wealth. Shubai’s shares, most of whose revenues, have decreased from imported commodity sales, by 20% in Toronto, Canada.
Bernard Arno
The LVMH group, owned by Arno, which has brands of luxury commodities such as Christian Dior, Polgari and Lauro, witnessed a decrease in its shares in Paris, which led to a loss of $ 6 billion in the net wealth of the richest man in Europe.
Zhang Kong Yuan
The founder of the Chinese shoe industry company, Houly Industry, lost a sunset of $ 1.2 billion, equivalent to 13% of his wealth, as a result of Trump imposing additional customs duties by 34% on China, which led to a sharp decrease in the company’s shares.
