World's top 10 billionaires gain $135 billion after Donald Trump's tariff pause: Who gained most, and the only billionaire who lost

TOI Tech Desk / TIMESOFINDIA.COM / Apr 10, 2025, 16:25 IST

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Following President Trump's tariff pause announcement, the world's top 10 billionaires collectively gained $135 billion, with Elon Musk leading the surge at $35.9 billion. Mark Zuckerberg, Jeff Bezos, and Larry Ellison also saw significant increases. However, Bernard Arnault, CEO of LVMH, experienced a $5.70 billion loss, and the billionaires' collective net worth remains down for the year.

World's top 10 billionaires gain $135 billion after Donald Trump's tariff pause: Who gained most, and the only billionaire who lost

Following President Donald Trump’s announcement of a 90-day pause on proposed tariff hikes for most countries, the world’s richest 10 billionaires experienced a combined net worth increase of $135 billion. According to the Bloomberg Billionaires Index, Elon Musk led the surge with a gain of $35.9 billion, still holding the title of world’s richest person. Second in the line of top gainers after the announcement is Facebook founder Mark Zuckerberg with a rise of $25.8 billion in net worth. He is followed by Amazon founder Jeff Bezos and Oracle founder Larry Ellison with an increase of $18.5 billion and $15.5 billion, respectively.
Notably, Bernard Arnault, CEO and founder of world’s luxury brand LVMH lost $5.70 billion after Trump’s announcement on April 9. Despite this rebound, the collective net worth of these billionaires remains down by $244.36 billion for the year, underscoring the ongoing volatility in global markets.

Trump's tariff pause: How much world’s top 10 billionaires gained

Rank	Name	Net Worth	Change in Net Worth	Yearly Difference	Country	Industry
1	Elon Musk	$326B	+$35.9B	-$107B	United States	Technology
2	Jeff Bezos	$210B	+$18.5B	-$28.7B	United States	Technology
3	Mark Zuckerberg	$207B	+$25.8B	-$723M	United States	Technology
4	Warren Buffett	$162B	+$8.12B	+$20.0B	United States	Diversified
5	Larry Ellison	$159B	+$15.5B	-$32.7B	United States	Technology
6	Bill Gates	$152B	+$4.81B	-$6.64B	United States	Technology
7	Bernard Arnault	$148B	-$5.70B	-$28.4B	France	Consumer
8	Larry Page	$142B	+$11.0B	-$25.8B	United States	Technology
9	Steve Ballmer	$136B	+$11.2B	-$10.1B	United States	Technology
10	Sergey Brin	$134B	+$10.2B	-$24.3B	United States	Technology

Trump’s tariff pause: How much Elon Musk gained

As mentioned before, Musk led the surge in wealth after the 90-day tariff pause announcement. The Tesla CEO gained +$35.9 billion and now has a total net worth of $326 billion. Despite the gain, the billionaire has lost $107 billion so far this year.
Musk-owned Tesla’s stock also recorded its second-best daily percentage gain in 15 years. The EV maker’s share gained over 22%.

Billionaire who lost wealth after tariff 90-day pause announcement

Among the world’s top 10 billionaires, Bernard Arnault is the only billionaire who witnessed a decline in his net worth. The founder and CEO of LVMH- the parent company of luxury brands Louis Vuitton, Christian Dior Couture, Givenchy, Fendi, among others lost $5.70 billion and now, has a total net worth of $148 billion.

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