According to Kuai Technology on April 5, affected by the new tariff policy, the New York stock market in the United States plummeted for the second consecutive day on the 4th, and the Nasdaq Comprehensive Index officially fell into a technical bear market that day.

In such a tragic stock market, the wealthy people naturally couldn't escape. Data showed that the wealth of the top 500 billionaires fell by as much as $329 billion on Friday, the largest one-day drop since 2020, surpassing the $208 billion decline on Thursday.

In the two-day period, the most losses were Tesla's head Musk. Tesla's stock price plummeted more than 10% on Friday, causing Musk's net assets to shrink by $31 billion since the opening on Thursday, and Musk's total losses this year reached $130 billion.

Industry insiders believe that the new tariff policy violates the principle of comparative advantages of economics. All parties produce products with their own comparative advantages and then exchange them with each other, so all parties will benefit from it.

Take the iPhone as an example. The cheapest iPhone 16 in the United States is priced at $799. According to the forecasts of Rosenblatt Securities analysts, the price may be as high as $1,142 after the new tariff policy is implemented.

Apple sells more than 220 million iPhones each year, and its largest markets include the United States, China and Europe. The new tariff policy has a huge impact on technology giants such as Apple.

The world's richest 500 people have lost more than 500 billion in two days: Musk's losses are the worst

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[Editor in charge: Feng Haoqin PT132]