Overview

• President Donald Trump's tariffs on 184 countries caused a $5 trillion global market loss, the steepest in over a century.
• The world's 500 richest individuals collectively lost $536 billion in two days, marking the fourth-worst wealth wipeout in Bloomberg Billionaires Index history.
• Tech leaders Elon Musk and Mark Zuckerberg experienced the largest individual losses, with $31 billion and $27 billion wiped from their net worths, respectively.
• Warren Buffett gained $12.7 billion due to a strategic shift to cash holdings and reduced equity exposure in 2024, shielding Berkshire Hathaway from the market crash.
• Markets remain volatile as recession fears grow, and debates over the long-term implications of Trump's policies intensify.