Trump's Tariffs Wipe $172 Billion from Billionaire Fortunes as Buffett's Wealth Rises
Global markets are reeling from President Trump's sweeping tariffs, with the S&P 500 nearing bear market territory and Warren Buffett's conservative strategy emerging as a rare bright spot.
- 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.
CNBC 
Hindustan Times 
