07-04-2025, 09:43 AM
The world’s 500 richest people suffered the biggest two-day loss ever on the Bloomberg Billionaires Index as fallout from US President Donald Trump’s tariff announcement decimated markets across the globe.
Billionaires on the wealth list lost a collective $US536 billion ($887 billion) from Thursday’s sharemarket open to Friday’s close as the S&P 500 Index dropped 10.5 per cent over the two days and the Nasdaq Composite fell 11.4 per cent.
https://www.theage.com.au/business/marke...5lpgw.html
Billionaires on the wealth list lost a collective $US536 billion ($887 billion) from Thursday’s sharemarket open to Friday’s close as the S&P 500 Index dropped 10.5 per cent over the two days and the Nasdaq Composite fell 11.4 per cent.
https://www.theage.com.au/business/marke...5lpgw.html