Trump's tariffs slash more than $525 billion from richest supporters' wealth

In a stunning market reversal, Donald Trump's sweeping tariff announcement has wiped $536 billion from the world's 500 richest people in just 48 hours - the largest two-day wealth loss ever recorded on Bloomberg's billionaires index. The shockwaves from "liberation day" have hit hardest among the very tycoons who backed Trump's return to office.

Tesla CEO Elon Musk is on the casualty list with a staggering $11 billion loss over the two-day period, while Meta's Mark Zuckerberg shed $18 billion and Amazon's Jeff Bezos lost $16 billion.