Donald Trump's new border tax policies have triggered chaos in global stock markets, resulting in a staggering $536 billion loss for the world's 500 richest individuals within just two days. This marks the largest recorded loss according to Bloomberg's billionaires index. High-profile figures, notably Elon Musk and Mark Zuckerberg, have seen substantial hits to their wealth as their companies' stock prices tumbled. Musk's wealth notably plunged by $130 billion so far this year, with $31 billion lost after the announcement. Zuckerberg lost over $27 billion as Meta's stock also saw a significant decline.
The world’s 500 richest people lost a collective $536bn in the first two days of stock market trading after Trump’s announcement, marking a historic decline.
Elon Musk saw the most significant impact, losing $31bn in two days alone, as Tesla's shares plummeted amid backlash over his controversial behavior.
Mark Zuckerberg wasn't far behind, experiencing over $27bn in losses due to a drastic drop in Meta’s stock, exacerbated by the tariff issues.
This abrupt market turmoil stands as one of the most significant economic events following Trump’s release of border tax strategies, affecting several high-profile investors.
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