Global billionaires have lost nearly US$500 billion within two days of the tariff release."
Internet reports that as the fallout from U.S. President Trump's tariff announcement continues to disrupt global markets, the Bloomberg Billionaires Index recorded the largest two-day loss in history for the world's 500 richest people, nearly $500 billion. Mark Zuckerberg was the first to bear the brunt, losing $17.9 billion as his Social networks company's share price plunged 10%. Amazon founder Jeff Bezos followed closely, with his net worth falling by $15.9 billion.
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