11 months ago
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Nauman khan
Fri, Apr 4, 2025, 8:53 AM 1 min read
In This Article:
April 4 - Thursday was rather a unsmooth time for the world's richest people. Elon Musk, Jeff Bezos, and Mark Zuckerberg collectively mislaid $45 cardinal successful nett worth. Musk unsocial saw an $11 cardinal drop, with Tesla (NASDAQ:TSLA) banal falling implicit 5%.
Bezos wasn't acold behind, losing $15.9 cardinal arsenic Amazon (NASDAQ:AMZN) shares dropped by 9%. Zuckerberg's wealthiness fell by $17.9 cardinal aft Meta (NASDAQ:META) shares besides plummeted 9%.
The crisp declines came aft President Trump's announcement of caller tariffs, which sparked fears of rising ostentation and a imaginable recession. The S&P 500, Nasdaq, and Dow Jones each saw their worst single-day losses since the pandemic.
With the markets connected edge, investors are near disquieted astir the uncertainty and what's next. Even the richest aren't immune to these kinds of abrupt marketplace shifts.
This nonfiction archetypal appeared connected GuruFocus.
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