Elon Musk, Jeff Bezos and Mark Zuckerberg, all of whom saw their fortunes swell following US President Donald Trump's election, have witnessed billions – $80 billion to be precise – wiped from their cumulative wealth following the recent tariff policies,

President Donald Trump’s sweeping tariffs took effect Wednesday over the concerns of many of the nation’s billionaires, as even longtime supporters of the president—including Elon Musk—have expressed concern about the tariffs and their impact on the economy.