The trade war triggered by Donald Trump has brought the markets to crash mode worldwide. This is also noticeable in the list of super -rich, whose assets have shrunk massively. But not all billionaires have lost money.
• The stock market crash by Trump’s trade war left the assets of super rich shrink
• Carlos Slim and Gautam Adani are getting richer
• only temporarily profiteers
The stock markets worldwide have been in crisis mode since Thursday. Donald Trump, the President of the United States, has caused such uncertainty with his Mega customs project that not only the markets in the Far East and Europe, but also in the United States. On Friday, the situation continues to escalate: After China announced against tariffs on products imported from the USA, the bloodbath continued on the stock exchanges worldwide.
Billionaires burn billions
The sell-off on the US stock market caught some of the super-rich super rich people. Meta-boss Mark Zuckerberg, the day before, made particularly violent, whose assets, according to Bloomberg, broke up with $ 17.9 billion to $ 189 billion. Even with Amazon founder Jeff Bezos, Amazon’s crash on the stock market caused a massive minus: I reduced his fortune by $ 15.9 billion-but with remaining $ 201 billion, the entrepreneur remains in second place in the richest person in the world behind Tesla boss Elon Musk. Musk had had to watch a massive loss of his assets in the past few months, and on Thursday his assets then decreased by a further eleven billion US dollars. However, its top position is not at risk with a remaining assets of $ 322 billion.
Other billionaires are getting even richer
Unlike their billionaire colleagues from the United States, other super -rich people have increased in spite of the market crash. Since no new tariffs were imposed against the US neighboring area Mexico, Carlos Slim’s assets, which with América Movil controlled the largest mobile phone provider of Latin America, rose by $ 2.95 billion to a total of $ 85.5 billion-he benefited from a positive development of the America Movil share. The bloodbath also went out well for Gautam Adani, the founder of the Indian Adani Group – he had $ 1.39 billion more in his pocket after the end of the trade on Thursday.
Wind turns on Friday
After the start of China in the trade war initiated by Trump, however, the wind turns on Friday: While Zuckerberg & Co. are expected to continue to be shrinking-after all, the meta-share at NASDAQ temporarily loses 4.46 percent to $ 507.93, while Amazon title gives up 4.1 percent to $ 171.07 and the Tesla share Lires $ 253.74-the founder Adani Group must finally give up the weak market environment after Adani Enterprises’s share in India with a discount of 3.20 percent at 2,334.60 rupees. America Movil shares in Mexico are expected to give in significantly and Carlos Slim will give a minus for assets.
Editor finance.net
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