The trade war initiated by United States (US) President Donald Trump led to significant losses for billionaires. The world’s richest businessman, Elon Musk, lost $135 billion this year. The only one who profited from the crisis was Warren Buffett.

The trade war hit billionaires hard, with Elon Musk suffering the biggest blow. The global economy is currently dominated by the additional import tariffs imposed by US President Donald Trump. As sharp selling pressure is felt in the markets, billionaires are also affected by this situation.

Elon Musk, holding the title of the world’s richest businessman, lost $135 billion this year. The main reason for the loss was the decline in Tesla’s shares. Musk’s wealth dropped below $300 billion for the first time since November. According to the Bloomberg Billionaires Index, Musk still leads the wealth list with $297.8 billion.

This year, Amazon’s founder Jeff Bezos lost $42.6 billion. Meta CEO Mark Zuckerberg’s wealth also decreased by $24.5 billion.

The only person to increase his wealth among the richest individuals was Warren Buffett. Despite the turmoil in the markets, he made a profit of $11.5 billion in 2025. Known as the Oracle of Omaha, Buffett is said to have sold shares before the sharp decline on Wall Street. This move prevented him from being affected by the losses, earning him the title of the world’s fourth richest person.