Tariffs wiped out trillions of dollars in value Thursday, much of it held by the world’s richest people.
Read the full story on Forbes: https://www.forbes.com/sites/kylemullins/2025/04/04/heres-how-much-trumps-biggest-billionaire-donors-lost-thanks-to-tariffs/?utm_source=TWITTER&utm_medium=social&utm_campaign=forbes
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript
Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Read the full story on Forbes: https://www.forbes.com/sites/kylemullins/2025/04/04/heres-how-much-trumps-biggest-billionaire-donors-lost-thanks-to-tariffs/?utm_source=TWITTER&utm_medium=social&utm_campaign=forbes
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript
Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Category
🛠️
LifestyleTranscript
00:00Remind us just how much he's donated, how much he's worth, and how much he's lost since Liberation Day.
00:07So Elon Musk, we calculated he gave around $360 million to Trump's re-election effort,
00:12which sounds like a ton of money. It is a ton of money.
00:15It's also a drop in the bucket for Elon Musk, who today is worth about $360 billion.
00:21And that is as of right now, Forbes' estimates, that includes the stock prices that are fluctuating minute to minute.
00:28At the time we ran our article, he had lost about $8.7 billion of his net worth.
00:34That was largely due to Tesla stock sliding.
00:38That is up to over $26 billion as of I just checked a couple of minutes ago.
00:43So that looks like it's something like 6% or 7% of his entire net worth is slid.
00:49And I should note, that doesn't even include the valuations of his private companies that aren't publicly traded.
00:56We didn't look at those.
00:57Those presumably would have slid at least a little bit as well, given the generalized economic turmoil.