Opinion and Features

GRAPHIC: Trump's tariffs cause $208 billion loss for world's richest, including Musk and Bezos

Graphic News|Published

The world’s 500 richest people saw their combined wealth plummet $208 billion on April 3, after President Donald Trump’s proclamation of sweeping new tariffs sent global markets nosediving.

Image: Saul Loeb / Pool / AFP / File

THE WORLD'S 500 richest people saw their combined wealth plummet $208 billion (around R3.97 trillion) on April 3, after President Trump’s proclamation of sweeping new tariffs sent global markets nosediving.

The drop was the fourth-largest single-day decline in the history of Bloomberg’s billionaire index, and the largest collapse since the Covid-19 pandemic.

 

The world’s 500 richest people saw their combined wealth plummet $208 billion on April 3, after President Trump’s proclamation of sweeping new tariffs sent global markets nosediving.

Image: Graphic News

- GRAPHIC NEWS