The world's 500 richest people lost more than $500 billion in wealth in the two trading days following Trump's April 2 announcement of his tariff plan. Musk remains the world's richest man, losing $134.70 billion in wealth so far this year, according to the Bloomberg Billionaires Index. His wealth fell to $297.80 billion on Monday Eastern Time, the first time his net worth has fallen below $300 billion since November 2024.