Facebook-parent Meta CEO Mark Zuckerberg saw the largest drop in net worth on April 3, losing a staggering $17.9 billion. As per Bloomberg Billionaire Index, Amazon founder Jeff Bezos, Apple CEO Tim Cook, Facebook founder Mark Zuckerberg, Nvidia CEO Jensen Huang, Tesla CEO Elon Musk and several others from the world’s richest 500 list collectively lost $208 billion in market value. The sharp decline came after the US President Donald Trump announced a new wave of "discounted" reciprocal tariffs, triggering panic across financial markets. Wall Street recorded its worst trading day in years, as all major US stock indexes suffered their biggest single-day drops since the COVID-19 pandemic.
Wall Street bloodbath: How much Bezos, Musk and others lost
As per Forbes data, Facebook-parent Meta’s Zuckerberg witnessed the highest drop in wealth, losing $17.9 billion on Thursday (April 3). Amazon founder Jeff Bezos, on the other hand, saw his wealth decline by a staggering $16 billion.
Third most struck by the drop was Tesla CEO and Trump’s close aide Elon Musk who lost $8.7 billion amid the market selloff.
Nvidia CEO Jensen Huang saw a decline of $7.4 billion in his net worth, whereas Microsoft founder Bill Gates‘ wealth declined by $774 million in a single day.
Google-parent Alphabet co-founders Larry Page and Sergey Brin lost $4.9 billion and $4.6 billion, respectively. Alphabet CEO Sundar Pichai witnessed a loss of $18 million.
Apple CEO Tim Cook saw his net worth decline by $68 million.
How tech companies’ stocks lost value after Trump announced tariffs
According to Reuters, about $760 billion in market capitalisation was lost by tech giants collectively. Apple led the sharp selloff, tumbling nearly 6% in after-hours trading. Nvidia shares fell around 4% amid worries over its Taiwan-based chip production and Mexico-assembled AI hardware.
Tesla also took a hit, dropping 4.5% after hours. Other tech giants including Alphabet, Amazon, and Meta saw their stocks fall between 2.5% and 5%, while Microsoft proved slightly more resilient, slipping nearly 2%.
Wall Street bloodbath: How much Bezos, Musk and others lost
As per Forbes data, Facebook-parent Meta’s Zuckerberg witnessed the highest drop in wealth, losing $17.9 billion on Thursday (April 3). Amazon founder Jeff Bezos, on the other hand, saw his wealth decline by a staggering $16 billion.
Third most struck by the drop was Tesla CEO and Trump’s close aide Elon Musk who lost $8.7 billion amid the market selloff.
Nvidia CEO Jensen Huang saw a decline of $7.4 billion in his net worth, whereas Microsoft founder Bill Gates‘ wealth declined by $774 million in a single day.
Google-parent Alphabet co-founders Larry Page and Sergey Brin lost $4.9 billion and $4.6 billion, respectively. Alphabet CEO Sundar Pichai witnessed a loss of $18 million.
Apple CEO Tim Cook saw his net worth decline by $68 million.
How tech companies’ stocks lost value after Trump announced tariffs
According to Reuters, about $760 billion in market capitalisation was lost by tech giants collectively. Apple led the sharp selloff, tumbling nearly 6% in after-hours trading. Nvidia shares fell around 4% amid worries over its Taiwan-based chip production and Mexico-assembled AI hardware.
Tesla also took a hit, dropping 4.5% after hours. Other tech giants including Alphabet, Amazon, and Meta saw their stocks fall between 2.5% and 5%, while Microsoft proved slightly more resilient, slipping nearly 2%.
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