US President Donald Trump’s economic policies, which increased commercial tensions and uncertainties, lost a quarter trillion dollars to the richest of the world from the beginning of the year.
One of the richest people in the world, the US 8 billionaire Trump has experienced a loss of over $ 250 billion from his personal reserves since his personal reserves.
The billionaire, who suffered the most damage in the recent period, was Elon Musk, a business person who actively worked actively for the election of Trump.
Musk, who clearly supports Trump in his election campaign and contributed to his campaign 277 million, became the president’s senior advisor for the newly established Government Productivity (DOME).
With its share in companies such as Tesla, SpaceX, The Boring Company and the Platform, the personal wealth increased to 486 billion dollars in December 2024 and broke records, and began to lose losses with the policies implemented after Trump’s task.
It is estimated that the loss of the world’s richest person Musk’s net leytut has exceeded $ 130 billion since mid -January. Musk’s losses only reached 29 billion dollars on March 10.
Thus, Musk lost about 30 percent of his net reserve from the beginning of this year.
The decrease in Musk’s reserves, Tesla’s falling stock prices, investor concerns and decreasing sales in important markets.
Tesla had achieved the total value of all other major companies in the global automobile sector with a market value of $ 1.4 trillion in mid -December last year. Elon Musk was criticized for his hand movement, which was likened to the Nazi salute at the ceremony of Trump on the January, and his open support to far -right political parties in Europe.
In particular, European consumers responded to brands such as Tesla, which was involved in politics.
Tesla sales rapidly declined in European countries and China. As a result, as of March 12, Tesla’s market value decreased to $ 770 billion and fell almost half in the last three months.
The losses of Amazon, Oracle, Dell, Google and Nvidia founders deepened
Jeff Bezos, the founder of Amazon, who was among the business people who participated in the oath ceremony of President Trump on January 20, suffered $ 20 billion as a result of recent policies. The loss of Bezos was due to a decrease of 11 percent in Amazon’s shares.
Due to the 10 percent decline in the shares of US technology company Oracle, Larry Ellison, the founder of the company, lost about 20 billion dollars. Dell’s founder Michael Dell’s company lost 20 percent, while his personal wealth decreased by $ 20 billion.
Jensen Huang, Chairman of the Executive Officer of Nvidia, lost 20 billion dollars, while his company’s shares fell 20 percent.
Following a 12 percent drop in Google’s parent -company Alphabet’s shares, Founding partners Larry Page lost $ 18 billion and Sergey Brin lost $ 17 billion.
After a 10 percent decline in Microsoft shares, Steve Ballmer, the ninth richest person in the world, suffered approximately 13 billion dollars.
Trump’s protectionist trade policies and retaliation steps
US President Trump’s tariff policies and retaliation steps against it continue to climb the tension in global trade.
Due to the uncertainties of these policies and concerns that recession may occur, the loss in the US stock exchanges found $ 2 trillion on March 10.
In addition to the customs tariffs announced by the United States for Canada, Mexico and China, the 25 percent customs duty, which was brought to the import of steel and aluminums, entered into force as of March 12th.
European Union (EU) Commission President Ursula von Der Leyen, steel and aluminum imports due to taxes of the US 28 billion dollars worth of tariffs, said: “We take counter -euros worth 26 billion euros. This coincides with the economic scope of the US tariffs.” He made a statement.
In an interview he gave on Sunday, Trump stated that he was “hated” on such issues, “Hate” on such issues, “Trump, because we’re bringing back richness to America. This is a very important thing. There’s always some time.” he said.
