It was a rough quarter for billionaires: 8 of the world's richest lost money

Copyright © HT Digital Streams Limit all rights reserved. Abby Schultz, Barrons 2 min Read April 03, 2025, 06:00 AM is many of the world’s top billionaires linked to the technical world, which had a rocky start in the market this year. Summary among the top 10 richest people in the world, only Bill Gates and Warren Buffett contributed their fate during this period, according to the Bloomberg Billionaires index. The first quarter of 2025 was not good with the world’s billionaires. Of the top ten richest people in the world, only Bill Gates and Warren Buffett contributed their fate during this period, according to the Bloomberg Billionaires index. Of course, it is unlikely that anyone who has experienced the value of their own portfolios during a volatile first quarter will cry over their losses – it is still many wealthy individuals. Elon Musk remains the richest of all, according to Bloomberg’s calculations, with a net worth of $ 316 billion on March 31. It is still $ 116 billion less than Tesla executive chief and right policy advisor for President Donald Trump-at the beginning of the year. It is also $ 170 billion less than the $ 486 billion recorded as the net worth of Musk on December 17, as Tesla’s share price climbed according to expectations that the electrical year would benefit from Trump’s election. Tesla has struggled since then, and the car manufacturer reported his worst drop in car deliveries on Wednesday. Tesla delivered 336,681 vehicles in the first quarter – some of the 378,000 vehicles expected by Wall Street analysts. Musk’s fate is largely linked to Tesla, although he is also the owner of several other businesses, including X, recently purchased by Xai, an artificial intelligence laboratory that is another of Musk’s businesses. The sale was a transaction that appreciated Xai at $ 80 billion and X at $ 33 billion ($ 45b less $ 12B debt), “Musk said in a post of March 28 on X. Many of the world’s leading billionaires linked the fate to the technical world, which had a rocky start in the market, as investors shot away from risk. The technical stuffed Nasdaq composition fell by 12% in the first quarter. As a result, Amazon founder Jeff Bezos fell on the list of Bloomberg’s list, the quarter of 27.1 billion D by a net worth of $ 212 billion, fell 11.3%. No. 3-ranked meta-founder and CEO Mark Zuckerberg’s wealth fell by only $ 3.35 billion or 1.6% to $ 204 billion, as the share of his company dropped only 3.9% for the quarter-more than counterparts. Meanwhile, Warren Buffett, chairman of Berkshire Hathaway, no. 5, seeing its wealth by $ 24.3 billion to a net worth of $ 166 billion, or 17.1% this year, rises with profits in Berkshire shares. The B shares of the holding company rose 17.5% to $ 532.5 in the first quarter. Microsoft, co-founder Bill Gates, no. 7 on the Bloomberg list, this year raised $ 2.03 billion to $ 161 billion despite a 13% drop in Microsoft shares. Among the top 10 richest, only two-buffet and the number 4-selected Bernard Arnault, the chairman of the luxury goods giant LVMH-did not derive their wealth through technical enterprises. But the recent UPS and down-and-downs in Arnault’s wealth reflect its 48% stake in LVMH-as reported by Bloomberg-which has weakened due to Trump’s tariff policy lately. Most of LVMH’s products are produced in Europe, which can experience a variety of retribution duties. The US shares without a counter have fallen by 11.3% since reaching $ 794.75 on January 27 to $ 704.91 on March 31; Similarly, Arnault’s wealth has fallen by 20% since reaching a net worth of $ 209 billion on January 28 to $ 167 billion on March 31. Catch all the business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. More Topics #BillionAires #Mark Valcelence #Elon Muskus Currency Specials