United States President Donald Trump’s tariff tantrums have tanked Tesla stock, and toppled his closest aide Elon Musk’s wealth below $300 billion for first time since November 2024, according to data on the Bloomberg Billionaires Index.
While Elon Musk remains the world’s richest man, all gains made since Donald Trump’s election win last year are now erased.
Elon Musk’s Wealth Slips Below $300 Billion
According to the index, at time of writing (6.30 am on April 8), Tesla, SpaceX and X Chief Elon Musk’s wealth has dropped to $298 billion, shedding a massive $135 billion since Donald Trump’s new tariffs announcement last week.
Overall, all 500 billionaires on the index has lost at least $500 billion, collectively, since the sweeping tariffs on 180 countries were announced.
(This is a developing story, more updates coming soon…)
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