World's 500 Richest Lose $208 Billion After Trump's Tariffs

President Donald Trump's recent tariffs have resulted in a significant decrease in his personal wealth and that of other billionaires. Trump's net worth dropped from $4.7 billion to $4.2 billion within a week, with his Trump Media and Technology Group suffering an 8% decline, contributing to $200 million in losses. The commercial real estate sector, including properties like Trump Tower, saw a combined drop of $90 million, while his golf clubs and hotel assets also faced significant devaluation. Globally, the tariffs triggered a historic $208 billion loss for the world’s 500 richest individuals in just one day, affecting major figures like Elon Musk, Jeff Bezos, and Mark Zuckerberg. The tariffs, which range from 10% to 49% depending on the country, are expected to lead to higher consumer prices in the U.S. despite Trump's insistence that they are necessary for economic health.