Elon Musk's Wealth Falls Below $300 Billion!
Elon Musk, the world's richest person, has seen his wealth drop below $300 billion for the first time since November 2024. This decline is largely due to new tariffs announced by former U.S. President Donald Trump, which have negatively impacted markets globally, including Tesla's stock. Musk's net worth has plummeted by $135 billion since the tariff announcement, with significant losses on several days. While Musk hopes for a "zero-tariffs system" between the U.S. and Europe, his brother, Kimbal, has criticized the tariffs, arguing they will keep prices high. Overall, billionaires around the world have collectively lost a staggering amount since these tariffs were introduced.