World's 500 richest people lose $536 billion in 2 days after Trump's tariffs

The world's 500 richest people suffered the biggest two-day loss ever on the Bloomberg Billionaires Index following US President Donald Trump's announcement of reciprocal tariffs. From Thursday's US stock market open to Friday's close, the billionaires collectively lost $536 billion, Bloomberg reported. Tesla CEO Elon Musk lost the most at $31 billion, bringing his yearly losses to $130 billion.