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trump tariffs trigger historic losses for world's richest billionaires
President Trump's announcement of new tariffs led to a significant market downturn, causing Elon Musk, Jeff Bezos, and Mark Zuckerberg to collectively lose over $80 billion in net worth. The tariffs, particularly affecting tech stocks reliant on international manufacturing, resulted in the largest two-day loss ever recorded for the world's richest individuals. While Musk's fortune dropped by $130 billion this year, some billionaires like Dan Gilbert and Carlos Slim saw gains amidst the turmoil.
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