Just one American billionaire made cash this 12 months regardless of Trump’s tariffs; it isn’t Musk, Bezos or Zuckerberg
Apr 09, 2025 11:10 AM IST
Trump-supporting billionaires Elon Musk, Mark Zuckerberg, and Jeff Bezos misplaced billions this 12 months, whereas just one American billionaire noticed his web value rise.
The world’s 500 richest individuals collectively misplaced $536 billion in inventory market buying and selling on April 3 and 4 following President Donald Trump’s tariff announcement final Wednesday, The Guardian reported. Amongst these affected have been Trump-supporting billionaires Elon Musk, Mark Zuckerberg, and Jeff Bezos, who noticed their fortunes shrink by billions. In keeping with Bloomberg’s Billionaires Index, Tesla founder Musk has misplaced $143 billion this 12 months, Amazon founder Bezos’ web value has dropped by $44 billion, and Meta CEO Zuckerberg’s wealth is down by $26 billion.
Nonetheless, one American billionaire within the prime 20 wealthiest stands out as an exception: Warren Buffett. Regardless of the market turmoil triggered by Trump’s tariffs, the Berkshire Hathaway CEO noticed his web value rise by almost $12 billion in 2025. He did, nevertheless, expertise a $2.57 billion loss throughout the two-day market stoop.
How did Warren Buffett handle to generate profits?
CNBC reported that Buffett used a “cautious method” to construct a report money reserve of $334 billion by the top of 2024.
In his February 22 letter to shareholders, Buffett, the world’s fourth-wealthiest individual, defined that he hadn’t invested the cash as a result of “nothing seems compelling.”
Because of this, Berkshire Hathaway’s inventory rose in 2025, up greater than 11% for the reason that starting of the 12 months. Regardless of a 6.5% drop since April 2, the corporate’s efficiency stays comparatively sturdy.
In keeping with CNBC Professional, some buyers now see Berkshire Hathaway as a protected haven amid market volatility.
Did Buffett endorse Trump’s tariffs?
Two days after the tariff announcement, Trump posted a video on Fact Social falsely claiming that Buffett had praised his current financial insurance policies. Nonetheless, Buffett denied making any such endorsement.
Berkshire Hathaway issued a press release clarifying the scenario: “There are studies at the moment circulating on social media (together with Twitter, Fb and Tik Tok) concerning feedback allegedly made by Warren E. Buffett. All such studies are false.”
