{"id":3709,"date":"2025-04-06T12:01:24","date_gmt":"2025-04-06T12:01:24","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/3709\/"},"modified":"2025-04-06T12:01:24","modified_gmt":"2025-04-06T12:01:24","slug":"spare-a-thought-for-the-billionaires-zuckerberg-tops-losses-just-as-he-buys-dc-house","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/3709\/","title":{"rendered":"Spare a thought for the billionaires: Zuckerberg tops losses just as he buys DC house"},"content":{"rendered":"

By EMILY HAWKINS <\/a> <\/p>\n

Published: 18:16 EDT, 4 April 2025 | Updated: 18:33 EDT, 4 April 2025 <\/p>\n

The five richest people in the world lost a staggering \u00a340billion after Donald Trump<\/a> unleashed a wave of market-spinning tariffs.<\/p>\n

It was a blow for the biggest loser, Facebook<\/a> co-founder Mark Zuckerberg<\/a>, who shed an incredible \u00a313.9billion from his net worth.\u00a0<\/p>\n

The financial hit came\u00a0just days after it was revealed he has bought an \u00a318million super-mansion in Washington DC<\/a> to be closer to the US government.<\/p>\n

Tech billionaires, including Meta<\/a> boss Mr Zuckerberg, have attempted to cosy up to Mr Trump since his election victory in November.<\/p>\n

The five richest men lost a combined \u00a341.4billion on Thursday, according to the Bloomberg Billionaires Index. This was after Mr Trump declared a trade war that leaders warned would wreak havoc on the global economy.<\/p>\n

Their losses are expected to have mounted yesterday as shares of major companies continued to fall.<\/p>\n

In total, the globe\u2019s 500 wealthiest people saw their combined wealth fall by \u00a3161billion – the index\u2019s largest one-day decline since the peak of the Covid pandemic.<\/p>\n

Big losers also included Amazon\u2019s Jeff Bezos<\/a>, who lost around \u00a312.3billion as investors sold out en masse, and the richest man, Elon Musk<\/a>, who shed \u00a38.5billion.<\/p>\n

\"The <\/p>\n

The five richest people in the world lost a staggering \u00a341.4billion in one day after Donald Trump unleashed a wave of market-spinning tariffs, with Facebook founder Mark Zuckerberg shedding the most at \u00a313.9billion<\/p>\n

\"Amazon <\/p>\n

Amazon founder Jeff Bezos lost around \u00a312.3billion as investors sold their shares en masse<\/p>\n

\"US <\/p>\n

US President Donald Trump unveiled the tariffs on a country-by-country basis from the White House Rose Garden in what he dubbed ‘liberation day’<\/p>\n

\"The <\/p>\n

The world’s richest man, entrepreneur Elon Musk, saw his net worth plummet by \u00a38.5billion<\/p>\n

Your browser does not support iframes.<\/p>\n

Luxury tycoon Bernard Arnault took a hit of \u00a34.8billion while Warren Buffett, the world\u2019s best-known money manager, lost \u00a32billion.\u00a0<\/p>\n

Arnault\u2019s empire of high-end fashion and accessories, which includes Louis Vuitton, Tiffany & Co, Christian Dior, Fendi and Givenchy, was whacked by a 20 per cent flat tariff on imports from the European Union to the US.<\/p>\n

In contrast to his peers, Mexican telecoms billionaire Carlos Slim dodged the fallout of the tariffs and boosted his wealth by \u00a32.3billion on Thursday. He is the world\u2019s 18th richest person.<\/p>\n

Mr Zuckerberg, Mr Bezos, Mr Musk and Mr Arnault were among those in the front row of Mr Trump\u2019s inauguration in January.<\/p>\n

Their presence was significant as they sat very near Mr Trump, in seats that would typically be reserved for the President\u2019s family or past presidents.<\/p>\n

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\n Spare a thought for the billionaires: Zuckerberg tops losses just as he buys DC house<\/p>\n