Why world billionaires are

Experts indicate that recent policy decisions by President Donald Trump have significantly impacted the wealth of global billionaires. Following Trump’s announcement of a 10% global ‘baseline’ tax and additional tariffs on 60 countries, the S&P 500 index declined by nearly 7%. This downturn led to a $536 billion loss among the world’s 500 richest individuals within a 48-hour span.

Prominent figures such as Elon Musk, Mark Zuckerberg, Jeff Bezos, Bernard Arnault, and Sergey Brin collectively saw their net worths decrease by $209 billion in the seven weeks after Trump’s inauguration. These losses are primarily attributed to the economic uncertainties stemming from the new tariffs and tax policies.