Who is the only billionaire in the top 500 rich world that has not lost money because of Trump's rates
Only one of the first 500 billionaires of the world has not lost money because of Trump's tariffs. On the contrary, he even managed to take advantage of the recent decisions of the American administration.
Trump, at the investigation as president of the US. Profimedia photo
The only billionaire in the Top 500 who took advantage of President Donald Trump's rates that panicked the global stock market is Warren Buffett, writes Daily Mail online.
The other 499 of the richest 500 people in the world have seen their assets since Trump has taken over and created turbulence in the global economy through its destructive commercial war, shows the latest Bloomberg Billionaires Index.
Musl recorded a loss of $ 130 billion
Elon Musk, the richest man in the world, who made direct calls, but without success, to the president to cancel the tariffs, registered a loss of $ 130 billion, compared to the situation from the beginning of the year, according to the quoted data.
The chief of Amazon, Jeff Bezos, and the Meta CEO, Mark Zuckerberg, who also participated in Trump's investment, also recorded losses of $ 45.2 billion and $ 28.1 billion respectively.
Warren Buffett has enriched $ 12.7 billion
However, the departments of the general manager of Berkshire Hathaway grew up by $ 12.7 billion from January 1, after a year in which he sold a large part of his shares and accumulated cash.
Warren Buffett, 94, has sold shares of companies such as Davita, Bank of America, Citigroup and Apple.
Warren Buffett. Profimedia photo
Buffett even sold ETFs, which he had recently praised as money-generating.
“An act of war, to a certain extent.”
The “Oracle in Omaha”, which rarely talks about politics, spoke about Trump's measures, last month declaring for CBS News that the rates are “an act of war, to a certain extent. “
Donald Trump does not seem to take into account the announced rates
US President Donald Trump has given a few signs that he would give up rates, despite the growing pressure, while the global market has entered free fall: the S&P 500 index decreased by almost 20 % from the maximum of February, as the risk of a recession in the US and higher inflation.
Experts point out that Trump's measures on imposing announced rates could have devastating effects for the global economy.
