Elon Musk, Jeff Bezos, and Mark Zuckerberg led the wealth declines on Friday as fresh fears of a trade war hammered stocks.
The world’s 10 richest people lost nearly $70 billion on Friday as fresh fears of a global trade war rattled markets.
The value of their stock holdings tumbled after President Donald Trump said the US would impose an additional 100% tariff on imports from China from November 1, and restrict its access to «any and all critical software», after China tightened export controls on rare earth elements and other key materials for advanced tech manufacturing.
Tesla stock slid 5% on Friday, shrinking CEO Elon Musk’s wealth by about $16 billion, the Bloomberg Billionaires Index shows.
