MW Mark Zuckerberg lost nearly $18 billion as the Dow crumbled 1,679 points. But a few billionaires added to their fortunes.

By Barbara Kollmeyer

Carlos Slim pocketed close to $3 billion as Mexico stocks were spared

Billionaires lost, well, billions in the market meltdown caused by U.S. tariff announcements on Thursday, though a few were spared.

Leading the loser's bracket was Meta's $(META)$ chief executive officer Mark Zuckerberg, whose fortune plunged by $17.9 billion, according to the Bloomberg Billionaires Index. Tech stocks were hardest hit on Thursday and shares of Meta sank 8.9% for the worst one-day loss in a year.

Total net worth of the world's third-largest billionaire sat at $189 billion as of Friday. His loss was the largest of the 500 billionaires that Bloomberg tracks.

A brutal selloff wiped a total of $3.1 trillion in market capitalization off the total U.S. stock market on Thursday, according to Dow Jones Market Data - the biggest plunge since a March 2020 loss of $3.5 trillion.

Just behind Zuckerberg, was Amazon.com $(AMZN)$ founder Jeff Bezos, who lost $15.9 billion - the second-wealthiest person in the world's fortune now stands at $201 billion. Amazon shares fell 9.9% on Thursday. And the world's wealthiest man, Tesla $(TSLA)$ CEO Elon Musk, saw $11 billion wiped off his fortune that now stands at $322 billion. Tesla shares suffered a loss of 5.4% on Thursday.

As for the winner's bracket, Carlos Slim, who controls Latin America's biggest mobile-phone operator, America Movil $(AMX)$, saw his fortunes rise $2.95 billion, lifting his total net worth to $85.5 billion.

Slim benefited as Mexican stocks escaped the global meltdown Thursday after that country was spared reciprocal tariffs along with Canada. The Mexico IPC XX:848400 rose 0.6%, and U.S.-listed shares of America Movil gained 0.8%.

Other winners were the founder of Indian infrastructure conglomerate Adani Group, Gautam Adani, who saw his net worth rise $1.39 billion to $76.2 billion. Jeff Yass, founder of trading group Susquehanna International Group, added $243 million to his fortune , while Zhong Shanshan, chairman of bottled water group Nongfu Spring (HK:9633), gained $12.3 million.

-Barbara Kollmeyer

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April 04, 2025 05:49 ET (09:49 GMT)

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