President Trump's recent tariffs resulted in a massive market sell-off, the worst in five years, which caused the world's top 10 wealthiest individuals to collectively lose $74 billion in net worth on paper. Elon Musk, who is worth $322 billion, lost $11 billion, Jeff Bezos lost nearly $16 billion, and Mark Zuckerberg experienced a drop of $17.9 billion. The S&P 500 dropped by almost 5%, highlighting extensive unrest in financial markets following the tariff announcement.
President Donald Trump's sweeping tariffs on Wednesday afternoon triggered market chaos, leading to the top 10 richest individuals losing a combined $74 billion on paper.
Elon Musk lost $11 billion, Jeff Bezos nearly $16 billion, and Mark Zuckerberg saw an $17.9 billion drop in wealth following the market sell-off prompted by tariffs.
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