Following President Donald Trump’s announcement of a 90-day pause on proposed tariff hikes for most countries, the world’s richest 10 billionaires experienced a combined net worth increase of $135 billion. According to the Bloomberg Billionaires Index, Elon Musk led the surge with a gain of $35.9 billion, still holding the title of world’s richest person. Second in the line of top gainers after the announcement is Facebook founder Mark Zuckerberg with a rise of $25.8 billion in net worth. He is followed by Amazon founder Jeff Bezos and Oracle founder Larry Ellison with an increase of $18.5 billion and $15.5 billion, respectively.
Notably, Bernard Arnault, CEO and founder of world’s luxury brand LVMH lost $5.70 billion after Trump’s announcement on April 9. Despite this rebound, the collective net worth of these billionaires remains down by $244.36 billion for the year, underscoring the ongoing volatility in global markets.
Trump’s tariff pause: How much world’s top 10 billionaires gained
| Rank | Name | Net Worth | Change in Net Worth | Yearly Difference | Country | Industry |
|---|---|---|---|---|---|---|
| 1 | Elon Musk | $326B | +$35.9B | -$107B | United States | Technology |
| 2 | Jeff Bezos | $210B | +$18.5B | -$28.7B | United States | Technology |
| 3 | Mark Zuckerberg | $207B | +$25.8B | -$723M | United States | Technology |
| 4 | Warren Buffett | $162B | +$8.12B | +$20.0B | United States | Diversified |
| 5 | Larry Ellison | $159B | +$15.5B | -$32.7B | United States | Technology |
| 6 | Bill Gates | $152B | +$4.81B | -$6.64B | United States | Technology |
| 7 | Bernard Arnault | $148B | -$5.70B | -$28.4B | France | Consumer |
| 8 | Larry Page | $142B | +$11.0B | -$25.8B | United States | Technology |
| 9 | Steve Ballmer | $136B | +$11.2B | -$10.1B | United States | Technology |
| 10 | Sergey Brin | $134B | +$10.2B | -$24.3B | United States | Technology |
Trump’s tariff pause: How much Elon Musk gained
As mentioned before, Musk led the surge in wealth after the 90-day tariff pause announcement. The Tesla CEO gained +$35.9 billion and now has a total net worth of $326 billion. Despite the gain, the billionaire has lost $107 billion so far this year.
Musk-owned Tesla’s stock also recorded its second-best daily percentage gain in 15 years. The EV maker’s share gained over 22%.
Billionaire who lost wealth after tariff 90-day pause announcement
Among the world’s top 10 billionaires, Bernard Arnault is the only billionaire who witnessed a decline in his net worth. The founder and CEO of LVMH- the parent company of luxury brands Louis Vuitton, Christian Dior Couture, Givenchy, Fendi, among others lost $5.70 billion and now, has a total net worth of $148 billion.
