US stocks evaporated $5.4 trillion in two days! The wealth of the world's richest 500 people evaporated by $329 billion on Friday, the worst since the epidemic.

The data shows that after President Trump announced the imposition of tariffs, triggering a global market crash, the world's 500 richest people experienced the largest two-day loss in Bloomberg's Billionaires Index history. From Thursday's opening to Friday's close, as the S&P 500 index fell 10.5% in two days, the largest two-day drop since the COVID-19 pandemic, hitting an 11-month low and evaporating $5.4 trillion in market value. The index has dropped more than 17% since hitting a record high in February, with six out of the past seven weeks seeing declines. The Nasdaq Composite Index fell 11.4% in two days, entering a bear market. As the market entered a full-on selling mode, tech giants were hit hardest. The "Magnificent Seven," which had once driven the stock market to new highs, saw their combined market value evaporate by $1.8 trillion. Among them, Apple suffered the biggest decline, with a market value loss of over $533 billion. The horrendous stock market naturally affected the billionaires as well. The data shows that the wealth of the world's 500 richest people decreased by a total of $536 billion in two days. According to the Bloomberg Billionaires Index, the wealth of the top 500 billionaires fell by as much as $329 billion on Friday, the largest one-day drop since the peak of the COVID-19 pandemic in 2020, surpassing the $208 billion decline on Thursday. Nearly 90% of the billionaires tracked by the index saw their fortunes shrink on Friday, with an average decrease of 3.5%. The two-day wealth drop on April 3 and 4 ranked first in history. The second and third largest drops occurred during the outbreak of the COVID-19 pandemic in the U.S. in 2020, with the fortunes of the top 500 billionaires evaporating by $453 billion on March 11 and 12, and by $339 billion on March 6 and 9. During these two days, Tesla's CEO and Trump ally Elon Musk suffered the most losses, with Tesla's stock price plummeting by over 10% on Friday, causing Musk's net worth to shrink by $31 billion since Thursday's opening, with a total loss of $130 billion this year. Meta founder Mark Zuckerberg ranked second with a two-day loss of $27 billion, as Meta's stock price fell nearly 14% in two days. Carvana CEO Ernest Garcia III suffered a two-day loss of $2 billion, causing him to fall out of the top 500 richest people in the world. Carvana's stock price fell by 28% during this period. Nike's founder Phil Knight was one of the few winners on Friday. After Trump said he had a "very productive call" with Vietnamese leader Nguyen Xuan Phuc and discussed the possibility of canceling the 46% tariffs imposed on the Southeast Asian country just one day earlier, Nike's stock price rose by 2.8%. Knight's net worth increased by $84 million that day, reversing his $3 billion loss on Thursday. The situation was the opposite for Mexican billionaire Carlos Slim Hel, the mastermind behind America Movil. Due to the initial exclusion of Mexico from the list of countries subject to tariffs by the White House, the country's main stock index saw a slight increase on Thursday, resulting in a slight increase in his assets. However, on Friday, he not only gave back all the gains but also suffered greater losses, as the Mexican stock market fell by 4.9%, causing Slim to lose $5.5 billion. This article is selected from "Wall Street News," authored by Zhao Yuhe; edited by GMTEight: He Yucheng.