Top 10 Billionaires Saw a $135B Boost After Trump's Tariff Cuts, Yet Still Down $244B This Year

• The total wealth of the globe’s 10 wealthiest individuals surged by $135.33 billion in the stock market on Wednesday.
• Shares rallied following Trump’s announcement that he was reversing his tariff plans, which had previously led to a significant drop in the stock market.
• Elon Musk, Jeff Bezos, and Mark Zuckerberg collectively added $80 billion but remain down compared to the previous year.

Once more, the wealthiest individuals globally witnessed their fortunes surge dramatically as the stock market surged On Wednesday after the announcement that President Donald Trump had scaled back his stringent tariff policy, which had recently caused the stock market to plummet.

Together, the top 10 wealthiest people observed a collective increase of $135.33 billion in their net worth on Wednesday, as per Bloomberg’s Billionaire Index.

Tesla CEO Elon Musk experienced the biggest one-day increase, earning an impressive $35.9 billion in total, whereas French tycoon Bernard Arnault was the sole individual among the top ten whose wealth continued to decline, falling by $5.7 billion and dropping his ranking on the Bloomberg Billionaires Index. Additionally, he remains the only person from outside America featured on this list.

Still, while Wednesday's market rally After reshuffling the rankings, the world's richest individuals have seen their collective wealth decrease by $244.36 billion so far this year.

This is how their financial standing was positioned following the market closing on Wednesday, as per the index.

1. Elon Musk

Net worth: $326 billion

1-day change: up $35.9 billion

Year-to-date change: down $107 billion

Of the top 10 list's names, Elon Musk gained the most on Wednesday, seeing personal gains of $35.9 billion during the market rally. Year to date, he's still registering $107 billion in losses.

Despite significant ups and downs in his wealth recently, Musk continues to retain his position as the wealthiest individual. world's richest person despite facing increasing anger Due to his closeness to the White House's DOGE agency, which has been leading efforts to reduce costs throughout the federal administration, along with public criticism of Tesla, the company experienced a decline in its stock value simultaneously.

Much of Musk's fortune comes mainly from his holdings in Tesla and SpaceX. Additionally, he has interests in several other ventures such as Neuralink, X, The Boring Company, and xAI.

2. Jeff Bezos

Net worth: $210 billion

1-day change: up $18.5 billion

Year-to-date change: down $28.7 billion

Jeff Bezos The founder and executive chairman of Amazon, who relinquished the role of CEO in 2021, experienced an uptick of $18.5 billion in his net worth on Wednesday; however, he remains down by $28.7 billion for the current year.

Aside from his position at Amazon, Bezos also holds ownership of The Washington Post, acquired in 2013. Recently, the publication has experienced a decline in subscriptions following orders issued by Bezos to the newspaper’s editorial team. not to issue an endorsement for president , and declared that the newspaper’s opinion section would exclusively feature perspectives that back "individual freedoms and open economies."

3. Mark Zuckerberg

Net worth: $207 billion

1-day change: up $25.8 billion

Year-to-date change: down $723 million

Mark Zuckerberg , who saw their net worth increase by $25.8 billion on Wednesday, has experienced the smallest decline among all billionaires on the top 10 list — with only a loss of $723 million so far.

Zuckerberg serves as the co-founder and chief executive officer of Meta Platforms, the massive social media company behind Facebook, WhatsApp, Instagram, and Threads.

4. Warren Buffett

Net worth: $162 billion

1-day change: up $8.12 billion

Year-to-date change: up $20 billion

At 94 years old, Warren Buffett serves as both the chairman and CEO of Berkshire Hathaway. Among the top ten individuals listed, he is the sole one who has maintained consistent financial growth throughout the year. As of Wednesday, his wealth had increased by $8.12 billion, bringing his total gain for the year up to $20 billion by 2025.

The empire controlled by Buffet includes multibillion-dollar shares in major publicly traded firms like Apple and American Express. His capacity to endure stock market downturns has cemented his status as an iconic figure in investing.

5. Larry Ellison

Net worth: $159 billion

1-day change: up $15.5 billion

Year-to-date change: down $32.7 billion

Larry Ellison, a major investor in Tesla, is also the cofounder and chief technology officer of Oracle, among the world's biggest software and cloud computing companies. His year-to-date losses of $32.7 billion were buoyed by his $15.5 billion gains on Wednesday.

Previously, Business Insider reported that Ellison, alongside OpenAI’s Sam Altman and SoftBank’s Masayoshi Son, is leading Project Stargate, a $500 billion AI infrastructure project backed by Trump.

6. Bill Gates

Net worth: $152 billion

1-day change: up $4.81 billion

Year-to-date change: down $6.64 billion

Bill Gates, the cofounder of Microsoft stepped down from the technology firm's board in 2020 and currently holds just a minor stake in the company.

Compared to those at the top of the list, he experienced comparatively smaller gains when his net worth increased by $4.81 billion on Wednesday, which brought his total year-to-date losses up to $6.64 billion.

Gates currently dedicates most of his time to advocating for the Gates Foundation, which focuses on charitable efforts aimed at improving global health, education, and addressing climate issues.

7. Bernard Arnault

Net worth: $148 billion

1-day change: down $5.7 billion

Year-to-date change: down $28.4 billion

Bernard Arnault serves as both the chairman and chief executive officer of LVMH, which stands as the globe’s premier luxury goods group owning over 75 brands such as Louis Vuitton, Dior, and Moët & Chandon.

Arnault was the sole individual among the planet’s wealthiest persons who saw additional decreases following Trump reversed his tariff strategy. He lost $5.7 billion on Wednesday, which pushed his overall loss for the year up to $28.4 billion.

8. Larry Page

Net worth: $142 billion

1-day change: up $11 billion

Year-to-date change: down $25.8 billion

Google cofounder Larry Page continues to serve as a board member and significant stakeholder in its parent firm, Alphabet, even though he stepped down from his role as the CEO of Alphabet back in 2019.

Page's existence and financial matters have been managed by wealth manager Wayne Osborne Since 2012, despite registering $25.8 billion in losses for the year up until now, Page’s net worth experienced an uptick of $11 billion due to Wednesday's market surge.

9. Steve Ballmer

Net worth: $136 billion

1-day change: up $11.2 billion

Year-to-date change: down $10.1 billion

Microsoft's former CEO Steve Ballmer continues to be one of the corporation’s biggest personal stakeholders, holding approximately a 4% share in the technology leader. On Wednesday, his wealth surged by about $11.2 billion, which compensates for the $10.1 billion decline he experienced earlier this year.

Ballmer is also the owner of the Los Angeles Clippers, an NBA franchise. Forbes valued at $5.5 billion, which he bought in 2014 for $2 billion.

10. Sergey Brin

Net worth: $134 billion

1-day change: up $10.2 billion

Year-to-date change: down $24.3 billion

Like Page, most of Sergey Brin's His net worth is linked to Alphabet stock. The co-founder of Google was instrumental in crafting the initial search algorithms, and despite stepping down from his position as President in 2019, he still holds a substantial number of Class B shares.

The tycoon, who saw his wealth increase by $10.2 billion in just one day on Wednesday, has lately been making news with comments about present Google staff members. toil for 60 hours weekly to boost production.

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