Buffett Profits as Musk, Bezos, Zuckerberg Lose Billions from Trump Tariffs

Billionaires saw massive losses following President Trump’s April 2 tariff announcement, with the world’s 500 wealthiest people losing over $500 billion in just two trading days on April 3rd and 4th. Notable figures such as Elon Musk, Mark Zuckerberg, Jeff Bezos, and Bernard Arnault experienced significant declines in their wealth. However, Warren Buffett stood out as the only billionaire to profit, adding $12.7 billion to his net worth this year, which now stands at $155 billion. Buffett’s success highlights the stability of the property and casualty sector amidst global trade tensions.