Overview

• President Trump's tariffs on over 180 countries triggered a global market sell-off, raising fears of a recession.
• The world's 10 richest individuals lost a combined $172 billion over three days, with Elon Musk alone losing $35 billion.
• The S&P 500 has dropped nearly 11% since the tariffs were announced, bringing it close to bear market territory.
• Warren Buffett's net worth has grown by $11.5 billion in 2025, driven by his cash-heavy investment strategy and Berkshire Hathaway's relative stability.
• Buffett's approach contrasts sharply with other billionaires, whose equity-heavy portfolios have suffered massive declines in value.