Billionaires are already feeling the effects of Trump’s prices.
According to Bloomberg, the 500 richest people in the world lost $ 208 billion on Thursday when the president’s new levies were implemented and caused a tillion in the markets around the world. It is the largest one -day lack of the fourth largest one day in the 13 -year history of the billionaire index of publishing, as well as the largest after the Covade 19 pandemic diseases.
More than half of the narrators on the Bloomberg index saw that their lucky average was 3.3 % sinking, US billionaires have really taken it on the chin. Mark Zuckerberg suffered the most loss as a result of the implementation of prices, which loses about $ 17.9 billion about $ 17.9 billion. The newborn comes when the social media brand has increased the price by more than $ 350 billion from mid -February January 1 to January 1. Since then, Meta shares have decreased by about 28 %.
According to Bloomberg, Amazon’s Jeff Bezos saw 9 % of his company’s shares in the biggest decline since April 2021. In response, Bezos’ fortunes declined by $ 15.9 billion. Since February, Amazon stock has decreased by more than 25 %. Meanwhile, Elon Musk suffered a loss of $ 11 billion on Thursday, which raised $ 99 billion from the CEO of Tesla this year, and shaved 5.5 percent of Tesla’s shares. And Europe’s richest man, Bernard Arnolt, suffered a total loss of 6 billion yesterday. Trump’s prices include a 20 % tax on the European Union, which is likely to be spirits and exports of luxury goods as well as on other items. Of course these categories fall under the LVMH umbrella, which owns brands such as MOWT & Chandon, DOM PAERIGNON, Louis Votan, and Christian Dyer.
There were some billionaires outside the United States who released the tariff announcement. EastFor, for, for,. For one, there was the only area that saw that its UHNW people gained pure advantage in the billionaire index on Thursday. Referring to the US neighbor, Mexico was left out of Trump’s list of mutual prices. As a result, Carlos Saleem, the richest man in the country, saw his total worth up to 4 percent, up to $ 85.5 billion.
From alcohol to luxury cars, Trump’s prices have had a sloping impact in all industries. Ferrari, for one, announced that he was raising prices by 10 % on some of his US models to meet the cost of Levies, absorbing the cost of other models. As far as other companies respond to revenue, we have to wait right now.
