Billionaire Bloodbath: Tech Titans Crushed, But a Few Cash In

Friday, April 04, 2025


​Wall Street just witnessed a financial gut-punch. Thanks to Trump’s fresh round of tariffs, Thursday turned into a historic bloodletting for the markets—wiping out a jaw-dropping $3.1 trillion in value. That’s not just red, that’s crimson. And no one felt the sting more than Meta’s head honcho, Mark Zuckerberg.

Zuck alone saw $17.9 billion evaporate from his net worth as Meta shares dropped nearly 9%, the worst single-day performance for the stock in over a year. That puts his fortune at a "mere" $189 billion. Ouch.

Trailing close behind in the billionaire bruise rankings was Jeff Bezos. The Amazon founder saw $15.9 billion vanish in a blink, with Amazon stock tumbling 9.9%. And even Elon Musk, the world’s richest man, wasn’t spared—$11 billion wiped from his pile, thanks to Tesla’s 5.4% dip.

But not every mogul was licking wounds. Mexico’s telecom titan Carlos Slim had himself a day. As Mexican markets sidestepped the global chaos—spared from retaliatory tariffs—Slim padded his wallet with nearly $3 billion. His company, America Movil, saw shares rise as much as 0.8%, and Slim’s net worth ballooned to $85.5 billion.

India’s Gautam Adani joined the winners’ circle too, adding $1.4 billion to his fortune. Meanwhile, Jeff Yass of Susquehanna pocketed a cool $243 million, and Zhong Shanshan of bottled water fame gained $12.3 million.

​In short, while tech titans hemorrhaged billions, a handful of international heavyweights managed to dodge the tariff-triggered carnage—and even came out richer. The market may have taken a beating, but it wasn’t a total wipeout for everyone.