The world’s 500 richest people saw their combined wealth plummet $208 billion (around R3.97 trillion) on April 3, after President Trump’s proclamation of sweeping new tariffs sent global markets nosediving.
The world’s 500 richest people saw their combined wealth plummet $208 billion on April 3, after President Trump’s proclamation of sweeping new tariffs sent global markets nosediving.The drop was the fourth-largest single-day decline in the history of Bloomberg’s billionaire index, and the largest collapse since the Covid-19 pandemic.
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