The billionaires increase the fortunes after Trump’s announcement on low rates

The temporary reduction of rates guides markets and generates billionaire earnings for Musk, Bezos and Zuckerberg

You The main billionaires on the planet have seen their fortunes grow Drastically on Wednesday 9, after a turnaround in the global economic scenario. The New York scholarship was motivated by the announcement of the former president of the United States Donald Trump who will do so reduce mutual rates so called to other countriessetting them temporarily to 10%.

The decision had an immediate effect on the markets and, therefore, names such as Elon Musk and Jeff Bezos have scored billions to their inheritance in a few hours. Musk, who leads the ranking of the richest, added impressive $ 28.3 billion to his assets, now for a total of $ 380.9 billion.

In the second position, Jeff Bezos saw his luck climbing over $ 18.6 billion, reaching $ 207.7 billion. Third in the ranking, Mark Zuckerberg, CEO of Meta, has accumulated $ 25.7 billion in a single day and now has a heritage of $ 202.6 billion.

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Other weight names have also benefited from the market movement, such as Larry Ellison (Oracle), Warren Buffett (Berkshire Hathaway), Larry Page and Sergey Brin (Google) and Steve Ballmer (Microsoft). The technological companies, in particular, saw their market values ​​shoot, which contributed directly to the patrimonial leap of their founders and shareholders.

Trump’s announcement occurs after an internal and external pressure on the “rate” implemented at the beginning of this month, which had raised commercial tensions between the United States and other countries, in particular China. According to him, over 75 countries have sought representatives of the United States government to negotiate alternatives to the widespread increase in rates.

Despite the partial withdrawal, the Republican has maintained the offensive against China, decreeing a 125% increase in the import rates of Chinese products, measured with an immediate question. In response, the Chinese government has announced new retaliation, increasing its rates to 84% for US products.

The effect on the markets, however, was immediate and positive. The Nasdaq index increased by 12.16%, S&P 500 gained 9.35%and Dow Jones increased by 7.87%. The climate has also changed in Brazil: the dollar retired by 2.54% and closed at $ 5.84, while IBovespa advanced by 3.12%, reaching 127,796 points.

The turn surprises especially after the collapse recorded the previous week, when the global markets fell with the expectation of the massive tax announced on the so “liberation day” called. According to Bloomberg’s billionaire rate, the 500 richest people in the world had lost $ 536 billion in two days. Now, with the partial respite, the mood of the markets recovers.

Source: Terra

Rose

Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.