Global Billionaires Face Significant Losses Following Tariff Announcement

According to Odaily, the announcement of a new tariff plan by U.S. President Donald Trump on April 2 led to a substantial financial impact on the world's wealthiest individuals. Over the course of two trading days, the collective wealth of 500 global billionaires decreased by more than $500 billion. The Bloomberg Billionaires Index indicates that Elon Musk remains the richest person globally, despite experiencing a loss of $134.7 billion in wealth this year. As of Monday, Eastern Time, Musk's net worth fell to $297.8 billion, marking the first time since November 2024 that his assets have dropped below $300 billion.