Elon Musk, Jeff Bezos among billionaires who lost $208 billion in one day after Trump tariffs

The drop is the fourth-largest one-day decline in the Bloomberg Billionaires Index’s 13-year history, and the largest since the height of the Covid-19 pandemic.

More than half of those tracked by Bloomberg’s wealth index saw their fortunes tumble, with an average decline of 3.3%. Billionaires in the US were among the hardest hit, with Meta Platforms Inc.’s Mark Zuckerberg and Amazon.com Inc.’s Jeff Bezos leading the way.

Carlos Slim, Mexico’s richest man, was among a small group of billionaires outside the US who escaped the tariffs’ impact. The Mexican Bolsa rose 0.5% after the country was excluded from the White House’s list of reciprocal tariff targets, pushing Slim’s net worth up by about 4% to $85.5 billion. The Middle East was the only region where those on Bloomberg’s wealth index eked out net gains for the day.

Here are some of the day’s biggest losers:

Mark Zuckerberg

The Meta founder was the biggest loser in dollar terms, with the social media company’s 9% slide costing its chief executive officer $17.9 billion, or around 9% of his wealth. Meta was the standout winner among the Magnificent Seven index of megacap tech stocks from New Year’s Day through mid-February, riding nearly a month of consecutive gains to add more than $350 billion in market value. Since mid-February, though, shares have tumbled about 28%.

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Jeff Bezos

Amazon shares plunged 9% Thursday, their biggest drop since April 2022, costing the tech giant’s founder $15.9 billion in personal wealth. The company’s stock is