Elon Musk , Jeff Bezos and Mark Zuckerberg have collectively seen a significant reduction in their wealth, totaling $80 billion, in the wake of the recent implementation of sweeping global tariff policies, according to a new report. These tariffs, announced by US President Donald Trump on April 2, a date he referred to as Liberation Day, instigated a notable decline in the stock prices of technology companies, consequently having a substantial impact on the individual net worth of these highly prominent figures in the tech industry.
Elon Musk, a close confidante and supporter of Trump, has suffered the most substantial financial setback. His wealth, which rose to $486 billion in mid-December, declined to $290 billion, marking his lowest point in 2025, according to Bloomberg's Billionaires Index.
This includes a $163 billion drop prior to the tariff announcement, with further losses following the policy's implementation, Fortune reported.
Similarly, Amazon founder Jeff Bezos, the second-richest individual, has also seen his wealth decline. After peaking at $260 billion in February, his fortune fell to $213 billion by April 2 and then further to $192 billion early this week, reflecting a 30% drop in Amazon's stock price since its February high.
The third in the beeline is Facebook co–founder Mark Zuckerberg whose wealth has been significantly impacted. His net worth, which reached $259 billion in mid-February, decreased to $181 billion by this week, mirroring a 30% decline in Meta's stock price.
Tim Cook , Sundar Pichai and Jensen Huang also lose wealthAs per the data till Friday (April 4), Zuckerberg, Bezos and Musk had lost a combined $42.6 billion after Trump announced a fresh wave of tariffs. According to Forbes data, Facebook-parent Meta’s CEO Mark Zuckerberg suffered the biggest loss, with his wealth dropping by $17.9 billion on Thursday, April 3.
Amazon founder Jeff Bezos followed with a $16 billion decline, while Tesla CEO Elon Musk saw his net worth drop by $8.7 billion.
Nvidia CEO Jensen Huang’s net worth dropped by $7.4 billion, while Microsoft founder Bill Gates saw a one-day loss of $774 million. Similarly, Alphabet co-founders Larry Page and Sergey Brin lost $4.9 billion and $4.6 billion, respectively. Alphabet CEO Sundar Pichai witnessed his wealth falling by $18 million. Apple CEO Tim Cook saw his net worth decrease by $68 million during the market selloff.
Elon Musk, a close confidante and supporter of Trump, has suffered the most substantial financial setback. His wealth, which rose to $486 billion in mid-December, declined to $290 billion, marking his lowest point in 2025, according to Bloomberg's Billionaires Index.
This includes a $163 billion drop prior to the tariff announcement, with further losses following the policy's implementation, Fortune reported.
Similarly, Amazon founder Jeff Bezos, the second-richest individual, has also seen his wealth decline. After peaking at $260 billion in February, his fortune fell to $213 billion by April 2 and then further to $192 billion early this week, reflecting a 30% drop in Amazon's stock price since its February high.
The third in the beeline is Facebook co–founder Mark Zuckerberg whose wealth has been significantly impacted. His net worth, which reached $259 billion in mid-February, decreased to $181 billion by this week, mirroring a 30% decline in Meta's stock price.
Tim Cook , Sundar Pichai and Jensen Huang also lose wealthAs per the data till Friday (April 4), Zuckerberg, Bezos and Musk had lost a combined $42.6 billion after Trump announced a fresh wave of tariffs. According to Forbes data, Facebook-parent Meta’s CEO Mark Zuckerberg suffered the biggest loss, with his wealth dropping by $17.9 billion on Thursday, April 3.
Amazon founder Jeff Bezos followed with a $16 billion decline, while Tesla CEO Elon Musk saw his net worth drop by $8.7 billion.
Nvidia CEO Jensen Huang’s net worth dropped by $7.4 billion, while Microsoft founder Bill Gates saw a one-day loss of $774 million. Similarly, Alphabet co-founders Larry Page and Sergey Brin lost $4.9 billion and $4.6 billion, respectively. Alphabet CEO Sundar Pichai witnessed his wealth falling by $18 million. Apple CEO Tim Cook saw his net worth decrease by $68 million during the market selloff.
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