Overview

• President Trump's sweeping tariff announcement caused a global market sell-off, erasing $172 billion from the fortunes of the world's 10 wealthiest individuals in just three days.
• Elon Musk, Jeff Bezos, and Mark Zuckerberg faced significant losses, with Musk's net worth dropping $135 billion in 2025, including $35 billion in the past three days.
• Warren Buffett, leveraging a $334 billion cash reserve and a cautious investment approach, increased his net worth by $11.5 billion this year, the only top billionaire to see gains.
• The S&P 500 has fallen nearly 4% since the tariffs were announced, while Berkshire Hathaway stock has shown resilience, declining just 2.3% in the same period.
• Buffett's long-term, diversified investment strategy contrasts sharply with the equity-heavy portfolios of other billionaires, highlighting vulnerabilities to sudden policy changes.