Shares slide President's cheerleaders lose billions

The world's 500 richest people lost a collective £417bn in the first two days of stock market trading after Donald Trump's "liberation day" announcement last Wednesday.

- Mark Sweney

It was the biggest two-day loss of wealth ever recorded by Bloomberg's billionaires index.

A coterie of tycoons who have supported Trump or attended his inauguration in January have seen their wealth shrink. Here, we look at the four who have been worst hit by the market turmoil - and one billionaire still riding high.

The world's richest man and the chief executive of Tesla, whose wealth had already dropped precipitously after he became a high-profile figure in Trump's administration, has taken the biggest hit.

Tesla was facing a potential buyer backlash over his behaviour and, as its shares plunged, £25bn was wiped off Musk's net worth between the opening bell on Thursday and the market closing on Friday. His private rockets and satellites business, SpaceX, is now his most valuable asset. So far this year Musk's estimated wealth has fallen by £102bn, although he remains the world's richest person, with a net worth of £237bn.

The Facebook founder and owner of Instagram and WhatsApp had the next biggest loss, at more than £21bn.