April 6, 2025
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5:22Now PlayingDonald Trump's tariffs announcement cause his top billionaire supporters, including Mark Zuckerberg, Elon Musk, Jeff Bezos and more to lose billions instantly, with Zuckerberg losing 9% of his wealth as the global markets reeled in tariff chaos. John Iadarola and Brett Erlich break it down on The Damage Report. Leave a comment with your thoughts below!
Read more here:
Trump buddy Elon Musk among biggest losers after reciprocal tariff news, richest 500 lose $208 bn. Who lost the most?
"Donald Trump's aide and DOGE leader Elon Musk was in the third position on a list of billionaires who lost wealth after the president's tariff announcements, while Meta CEO Mark Zuckerberg led the parade.
The Trump tariffs, which swept countries and sent shockwaves across global markets after being announced on April 2, have come at a cost to the world's richest billionaires.
A bloodbath in the US markets on Thursday, the worst since the Covid-19 pandemic, erased hundreds of billions in wealth of the richest people in the world, not sparing Trump's aides like Elon Musk."
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