Musk and Zuck’s BILLION-DOLLAR HEIST: Cashing In BIG After Trump’s Tariff Pause

Elon Musk, Mark Zuckerberg Gain Billions In 24 Hours After Trump Tariff Pause

US President Donald Trump’s unexpected decision Wednesday to pause most reciprocal tariffs for 90 days sparked a powerful stock market rally, dramatically boosting the fortunes of some of his closest allies in the tech and business world.

The sharp rebound came a week after a sweeping tariff announcement sent markets into a tailspin, erasing billions in global wealth.

While Trump excluded China from the tariff pause – raising duties on Chinese imports to 125% – his move calmed investor nerves and helped recover some of the earlier market losses.

On April 2, Trump announced new tariffs on US trading partners, causing one of the worst days in the stock market since the pandemic.

In just one day, the world’s 500 richest people lost a total of $208 billion. It was the fourth-biggest single-day loss in the Bloomberg Billionaires Index history. Tech leaders were hit the hardest – Elon Musk lost $11 billion as Tesla shares dropped, Mark Zuckerberg lost $17.9 billion with Meta falling 9%, and Jeff Bezos lost $15.9 billion as Amazon shares sank. The tech-heavy Nasdaq also dropped sharply.

On April 9, Trump announced a 90-day pause on all new tariffs except those targeting China. Markets reacted almost instantly:

S&P 500: Gained 9.5%
Nasdaq Composite: Surged 12% – its largest one-day gain in 24 years
Dow Jones Industrial Average: Climbed nearly 8%, topping 40,000 for the first time
Trump’s Truth Social post, timed just before the market opened, urging people to “buy it”, further fuelled buying sentiment.

The tariff pause turned a week of losses into one of the biggest personal wealth windfalls in years for Trump’s tech-world allies and advisors. Here’s how much they gained in just 24 hours:

 

Elon Musk

+ $35.9 billion
Tesla stock surged 22%

 

 

Mark Zuckerberg

+ $25.8 billion
Meta Platforms shares rebounded strongly
Recovered nearly all of his earlier losses

 

 


Jeff Bezos

+ $18.5 billion
Amazon stock rallied on strong e-commerce outlook amid easing trade fears

 

 

 

 

 

Larry Ellison

+ $15.5 billion
Oracle’s recovery driven by optimism in AI and cloud sectors

 

 

 

 


Donald Trump Himself

Trump Media’s stock soared 22.67%, boosting his 53% stake by $415 million

 

 

 

The gain, while smaller than his tech allies, was his most significant one-day increase since going public
Despite the partial recovery, the world’s ten richest individuals remained down by a combined $244.36 billion for the year as of April 9. Elon Musk, for instance, has experienced a year-to-date loss of $107 billion.

US ally Australia saw the S&P/ASX 200 (Australia’s main stock market) index jump 6.3%, adding over $150 billion in market value. The relief was partial, as Australia still faced a baseline 10% tariff on its exports to the US.

Globally, markets across Europe and Asia also surged, restoring some investor confidence. Still, analysts warned that volatility could persist due to unresolved tensions with China, which remained subject to steep 125% tariffs.

Related Posts

Tom Felton Stands by J.K. Rowling Amid Cancel Storm—Lands Exclusive Role in Harry Potter Reboot! 🪄✨

The internet has stayed busy canceling J.K. Rowling for her gender-critical views. Harry Potter’s golden trio ran for cover while Felton kept his head down. Now he’s the only…

Chef Jameson Stocks Slams Meghan Markle’s Netflix Show as ‘Fake’—Now Faces Legal Threats and Death Messages! 🍳🔥

He’s taken plenty of rough with rather less of the smooth since being born in Leeds in 1983, fleeing home – and the attentions of an abusive…

The Most Tragic Fates in Harry Potter: Fan-Voted Characters Who Suffered the Most

The wizarding world of Harry Potter, crafted by J.K. Rowling, is a tapestry of magic, adventure, and heroism, but beneath its enchanting surface lies a current of…

Called to School Because His Uncle Is Superman: A Tragicomic Tale of Henry Cavill’s Bond with That Child

In 2021, a heartwarming story about a seven-year-old boy named Thomas and his unwavering belief in Superman took the internet by storm, sparking laughter, empathy, and a…

A Harmonica in the Rain: How Keanu Reeves’ Quiet Compassion and a Shared Song Pulled a Stranger Back from the Brink

In the heart of Los Angeles, where the city’s neon glow often overshadows its quieter moments, a chance encounter unfolded one rainy evening in 2015 that would…

Keanu Reeves’ Romantic Journey Unveiled: From Sofia Coppola to Alexandra Grant, Who Captured His Heart?

After splitting from actress Claire Forlani in 2006, Keanu Reeves has been romantically linked to artist Alexandra Grant since 2019. Keanu Reeves is notoriously private about his love…