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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.
Elon Musk tops Forbes' 2025 Billionaire's List with a net worth of $342 billion, followed by Mark Zuckerberg at $216 billion and Jeff Bezos at $215 billion. The list features 3,028 billionaires worth a combined $16.1 trillion, with the majority residing in the United States.
Elon Musk has accused billionaires George Soros and Reid Hoffman of funding protests against Tesla, linking them to the ActBlue fundraising organization, which is under investigation for campaign finance violations. Despite Musk's claims, there is no evidence connecting Soros or Hoffman to the protests, which have occurred at over 50 Tesla locations globally, organized by groups advocating for shareholder action against Musk. The protests, described on the "Tesla Takedown" website, aim to mobilize public dissent against the CEO's leadership.
Elias Massri, CEO of Giant Motors Latinoamérica, remains unfazed by Donald Trump's tariff threats despite operating Mexico's only assembly plant for Chinese cars. The joint venture, which partners the Massri family with billionaire Carlos Slim's Grupo Financiero Inbursa, assembles vehicles from Anhui Jianghuai Automobile Group Corp. in central Mexico.
Carlos Slim
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trump tariffs trigger historic losses for world's richest billionaires
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15:05 05.04.2025
elon musk and mark zuckerberg lead forbes richest billionaires list
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Elon Musk accuses billionaires of funding Tesla protests amid investigation
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11:14 09.03.2025
Mexican Chinese car plant CEO unfazed by Trump tariff threats
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13:00 02.12.2024
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