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How the world's richest lost $200bn in stock bloodbath
The Independent
|April 05, 2025
The richest people in the world lost more than a combined 200bn on Thursday when stock markets cratered in response to tariffs slapped on imports to the US by Donald Trump.
A gradual downturn in the stock market this year meant that 10 tech-focused US billionaires lost a similar amount in the first weeks of 2025 – but this time, a sharper shock wiped out that huge sum in one trading session.
Bloomberg’s Billionaires Index (BBI) tracks the fortunes and combined wealth of those whose assets tally at least a 10-figure sum, with the richest 13 on that list currently worth a minimum of $100bn (£77bn) each.
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