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Billionaires Lose Big as Tariffs Wipe Out $74 Billion

Wesley ParkSaturday, Apr 5, 2025 3:04 pm ET
1min read

$74 BILLION WIPED OUT SINCE TARIFF DECLARATION — SEE HOW MUCH THE BILLIONAIRES LOST

The market is on fire, and not in a good way! Tariffs have sent shockwaves through the economy, and the billionaires are feeling the heat. Since the latest tariff declaration, a staggering $74 billion has been wiped out. Let's dive into the chaos and see who's taking the biggest hits.



THE BIGGEST LOSERS

1. Elon Musk: Tesla's stock has been a rollercoaster ride. With tariffs on imported components, Musk's electric empire is feeling the squeeze. Tesla's stock has plummeted, and Musk's net worth has taken a massive hit. BOOM! $15 billion gone in a flash.

2. Jeff Bezos: amazon, the e-commerce giant, relies heavily on global supply chains. With tariffs on the rise, Bezos is watching his fortune shrink. CRASH! $12 billion evaporated overnight.

3. tim Cook: apple, the tech titan, is feeling the pinch too. Tariffs on imported components and manufacturing costs are biting hard. BAM! $10 billion down the drain.

WHAT'S NEXT?

The market is a wild beast, and tariffs are its latest toy. With uncertainty looming, investors are scrambling. DO THIS! Shift your investments into defensive stocks and safe-haven assets like gold. STAY AWAY! From risky stocks, especially tech companies whose products are manufactured overseas.

THE BOTTOM LINE

Tariffs are a game-changer, and the billionaires are feeling the pain. BUY NOW! On defensive stocks and safe-haven assets. SELL! Your risky tech stocks before it's too late. The market hates uncertainty, and tariffs are the ultimate wildcard. BOO-YAH! This is a no-brainer. Protect your portfolio and ride out the storm.

Ask Aime: Which tech stocks should I sell before tariffs worsen?

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Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
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