Asia's richest lose $46 billion in a day

The fortunes of Asia's richest plunged on Monday as markets across the region continued to fall in the wake of US President Donald Trump's tariff announcements.
Tencent Holdings co-founder Pony Ma lost $6.8 billion, or 12% of his total wealth. In India, infrastructure tycoon Gautam Adani slid by $4.2 billion. Robin Zeng, the Hong Kong battery billionaire, dropped $4.1 billion. Taken together, the region's 20 richest individuals saw a collective $45.9 billion erased from their fortunes, according to the Bloomberg Billionaires Index, as the MSCI Asia Pacific Index tumbled as much as 8.5%.
The figures mark a grim continuation of last week's selloff. The world's 500 richest people lost more than half a trillion dollars between Thursday's open and Friday's close - the biggest two-day plunge ever recorded by the index. The streak seems poised to continue. Both Trump and his economic team remained steadfast that the tariffs announced on April 2 will go into effect as planned, defying calls from around the globe - including from a growing group of US billionaires - to reconsider their heavy-handed approach.