Data: Trump's tariffs cost the world's top 500 billionaires over $500 billion in just two days

ChainCatcher news, according to Jinshi reports, the consequences of President Trump's announcement of tariffs have severely impacted the global market. In the Bloomberg Billionaires Index, the world's top 500 billionaires experienced the largest consecutive two-day loss in history.

From the market opening on Thursday to the closing on Friday, the billionaires on the list collectively lost $536 billion, with Friday's drop of $329 billion marking the largest single-day loss since the peak of the COVID-19 pandemic in 2020. During these two days, no one lost more than Tesla CEO Elon Musk, whose company's stock plummeted over 10% on Friday, resulting in a $31 billion decrease in Musk's net worth compared to the market opening on Thursday, bringing his annual losses to $130 billion.