Musk to Zuckerberg: How Tech Billionaires Made $304 Billion After Trump's Tariff Pause
Date: 10-apr-2025 | By: Nuztrend Team
The global stock market witnessed a historic rally on April 9, 2025, after President Donald Trump announced a 90-day pause on most newly imposed tariffs. This unexpected move sent US stock markets skyrocketing and led to the world's wealthiest individuals adding a record-breaking $304 billion to their combined net worth in a single day.
Biggest One-Day Wealth Gain in History
According to the Bloomberg Billionaires Index, this is the largest single-day wealth increase ever recorded, surpassing the previous record of $233 billion set in March 2022.
Top Gainers Among Tech Billionaires:
- Elon Musk: Added $36 billion to his fortune as Tesla stock jumped 23%.
- Mark Zuckerberg: Gained $26 billion after Meta shares soared over 10%.
- Jensen Huang (Nvidia): Wealth increased by $15.5 billion as Nvidia stock surged 19%.
- Ernest Garcia III (Carvana Co.): Saw the highest percentage gain of 25% in personal wealth.
How Did the Stock Market React?
The announcement triggered a massive rally across all major indices:
Also Read
- Dow Jones: Up 2962.86 points (+7.87%) to 40,608.45
- S&P 500: Rose 9.52% to 5,456.90 — biggest one-day gain since 2008
- Nasdaq Composite: Jumped 12.16% — its best single-day performance in decades
Which Stocks Benefited the Most?
- Tesla Inc: Stock jumped 23%
- Meta (Facebook): Gained over 10%
- Apple: Stock surged more than 15%
- Nvidia: Increased 19%
- Walmart: Rose 9.6%
Trump's Comment On Tariff Pause
Explaining his decision, Trump humorously said, "I thought that people were jumping a little bit out of line. They were getting yippy, a little bit afraid." The move was aimed at calming global trade tensions and market volatility amid the ongoing US-China trade war.
Conclusion
The 90-day tariff pause not only stabilized the global stock market but also led to a historic wealth surge for tech billionaires. With the stock market recovering strongly, investors and analysts are now watching closely for the next steps in the US-China trade negotiations.
💬 Leave a Comment
📝 Recent Comments
Incredible article! I had no idea the tariff pause had such a huge impact on tech giants' wealth. The numbers are mind-blowing. Looking forward to more detailed analysis like this.
🔄 Read More
⬅ Previous: Trump Announces 90-Day Tariff Pause to Ease Global Trade Tensions
Date: 10-Apr-2025
President Trump pauses most new tariffs for 90 days to stabilize global markets, while increasing tariffs on Chinese imports to 125%.
Next: Russia Faces Economic Slowdown in 2025 Amid Falling Oil Prices and Global Market Turmoil ➡
Date: 10-Apr-2025
Russia's economy slows down in 2025 due to falling oil prices and rising global market crisis, increasing future risks for trade and growth stability.
