Data shows that after President Trump announced the imposition of tariffs, triggering a global market crash, the world's richest 500 people suffered the largest two-day loss in the history of the Bloomberg Billionaire Index. From the opening on Thursday to the close on Friday, as the S&P 500 index fell by 10.5% over two days, marking its biggest two-day drop since the pandemic, it dropped to an 11-month low, wiping out $5.4 trillion in market value. Since reaching a record high in February, it has fallen more than 17%. The S&P 500 index has declined in six of the past seven weeks. The Nasdaq Composite Index fell 11.4% over two days and entered a bear market.

In the face of a full-scale market sell-off, tech giants were hit the hardest. The combined market capitalization of the "Magnificent Seven," which once drove stock markets to new highs, fell by a total of $1.8 trillion. Apple had the largest decline, with its market value falling by more than $533 billion.

In such a severe stock market, the wealthy were naturally affected as well. Data shows that the wealth of the top 500 individuals globally decreased by a total of $536 billion over two days.

According to the Bloomberg Billionaire Index, the wealth of the top 500 billionaires fell by as much as $32.9 billion on Friday, the largest single-day decline since the peak of the COVID-19 pandemic in 2020, surpassing the $20.8 billion decline on Thursday. Nearly 90% of the billionaires tracked by the index saw their wealth shrink on Friday, with an average decline of 3.5%.

At the same time, the two-day wealth decline on April 3rd and 4th ranked first in history. The second and third places both occurred during the U.S. pandemic outbreak in 2020, when the wealth of the top 500 billionaires evaporated by $45.3 billion on March 11th and 12th, and $33.9 billion on March 6th and 9th.

During this period, the biggest loser was Elon Musk, CEO of Tesla and an ally of Trump. Tesla's stock price plummeted by more than 10% on Friday, reducing Musk's net worth by $31 billion since the opening on Thursday, with his total losses for the year reaching $130 billion. Mark Zuckerberg, founder of Meta, suffered a two-day loss of $27 billion, ranking second, with Meta's stock price falling nearly 14% over two days.

Ernest Garcia III, CEO of Carvana, lost $2 billion over two days, causing him to fall out of the list of the world's richest 500 people. During this period, Carvana's stock price fell by 28%.

Phil Knight, co-founder of Nike, was one of the few winners on Friday. After Trump stated that he had a "very productive" conversation with Vietnamese leader Sulim and discussed the possibility of canceling the 46% tariff on the Southeast Asian country announced the day before, Nike's stock price rose by 2.8%. As a result, Knight's net worth increased by $84 million that day, reversing his $3 billion loss on Thursday.

On the contrary, Carlos Slim Helú, the Mexican billionaire, saw his situation worsen. As the幕后figurehead of América Móvil, his assets slightly increased on Thursday due to the White House initially not including Mexico in the list of countries subject to taxation, with the country's main stock index rising slightly. However, on Friday, he not only erased all gains but also incurred greater losses, as the Mexican stock market fell by 4.9%, causing him to lose $5.5 billion.

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