- India,
- 04-Apr-2025 11:07 AM IST
- (Updated 04-Apr-2025 11:09 AM IST)
Tariff Impact Billionaires: US President Donald Trump has finally made his threat come true and has imposed tariffs on about 50 countries of the world including India. Trump has announced the imposition of new reciprocal tariffs on goods imported from various countries on the occasion of Liberation Day on 2 April 2025. He has called this tariff a "discounted tariff", but its effect has been no less than a bomb. His decision has not only affected global trade, but the richest people in the world have also suffered huge losses.Effect of tariff: Big drop in the wealth of billionairesEver since President Trump announced the tariff, there has been a huge drop in the wealth of the world's rich. From Tesla owner Elon Musk to Asia's richest man Mukesh Ambani, included in Bloomberg's top rich list, there has been a big cut in the wealth of all the billionaires.According to the Bloomberg Billionaires Index, Meta owner Mark Zuckerberg has suffered the most loss. His wealth has decreased by $17.9 billion in just 24 hours. At the same time, Amazon owner Jeff Bezos has also suffered a big setback, and his wealth has declined by $15.9 billion.Decline in wealth of top billionairesAccording to the Bloomberg Billionaires Index, the wealth of the world's top billionaires has declined as follows:
- Elon Musk: Total wealth declined by $11 billion to $322 billion.
- Jeff Bezos: Wealth declined by $15.9 billion to $201 billion.
- Mark Zuckerberg: Wealth declined by $17.9 billion to $189 billion.
- Bernard Arnault: Wealth declined by $6.22 billion to $163 billion.
- Larry Ellison: Wealth declined by $8.1 billion to $160 billion.
- Mukesh Ambani: Wealth fell by $ 7.33 billion to $ 89.8 billion.