A Historic Wealth Wipeout: Billionaires Lose $887B in 2 Days

In what’s now being called the biggest wealth drop in history, the world’s 500 richest individuals collectively lost a staggering $887 billion in just 48 hours. The trigger? A global stock market meltdown following U.S. President Donald Trump’s sweeping new tariffs on imports from all countries, according to Financial Review.

Between Thursday’s market open and Friday’s close, investors witnessed a bloodbath across indices. The S&P 500 plunged 10.5%, while the Nasdaq Composite tumbled 11.4%, marking the most severe dip since the height of the COVID-19 pandemic.

Nearly 90% of the billionaires listed on theBloomberg Billionaires Index saw their fortunes shrink, with an average drop of 3.5% each. Friday alone wiped $329 billion from their collective net worths—on top of Thursday’s $208 billion loss.

Among those hit the hardest was Tesla CEO Elon Musk, whose net worth plunged $31 billion after Tesla stock dropped more than 10%. Musk’s total wealth loss this year has reached $130 billion, though he still holds the top spot globally with $322 billion, as per Business Insider.

Meta’s Mark Zuckerberg wasn’t spared either—his fortune dropped by $27 billion as Meta shares fell 14%.

Other tech titans like Jeff Bezos (Amazon) and Larry Ellison (Oracle) weren’t immune to the shockwave either, losing $15.9 billion and $8.1 billion, respectively.

As markets digest the ripple effects of Trump’s tariff move, one thing is clear: even the richest are not safe from the volatility of global policy shifts.

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