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Trump’s Tariffs Wipe $80 Billion Off Big Tech Fortunes

by THEFUTURE.TEAM

April 9, 2025

Tech’s biggest names—Elon Musk, Jeff Bezos, and Mark Zuckerberg—are taking a financial hit as President Donald Trump’s latest tariffs send shockwaves through the market. Since the president’s self-proclaimed ‘Liberation Day’ on April 2, the three billionaires have collectively lost $80 billion, according to Bloomberg’s Billionaires Index.

Musk’s Fortune Plummets As Tesla Struggles

Among Trump’s most vocal supporters in the tech industry, Elon Musk has suffered the sharpest decline. The Tesla CEO’s net worth hit a peak of $486 billion in December 2024 but had already dropped by $163 billion by April 2. The tariffs exacerbated Tesla’s market troubles, sending Musk’s fortune tumbling further to $290 billion by April 8—his lowest valuation this year.

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Bezos And Zuckerberg Feel The Heat

Amazon’s Jeff Bezos has also watched his wealth slide. After reaching $260 billion in February, his net worth dropped to $213 billion by April 2. The tariffs then erased another $21 billion, bringing his total to $192 billion. Amazon’s stock has plummeted roughly 30% since early February.

Meanwhile, Meta CEO Mark Zuckerberg has seen his fortune shrink by over 25%. His wealth peaked at $259 billion in mid-February but fell to $181 billion by April 8, as Meta’s stock price followed a similar downward trajectory.

Apple, Google, And Microsoft Under Pressure

Apple, heavily reliant on global manufacturing, has been among the hardest hit. Despite years of supply chain diversification, new tariffs on Vietnam—now a key production hub—have dragged Apple’s stock down 30% since February.

Google and Microsoft are feeling the effects, too. Shares of Alphabet, Google’s parent company, have slumped nearly 30% from their February peak, while Microsoft’s stock has dipped 7% since the tariffs were announced.

Big Tech’s Financial Ties To Trump

Despite their financial losses, these tech titans have had significant financial ties to Trump. Musk emerged as the largest political donor in the U.S., contributing $288 million to Trump’s 2024 election campaign, per Federal Election Commission filings. Bezos and Zuckerberg, through Amazon and Meta, respectively, each contributed $1 million to Trump’s inauguration fund.

Other tech leaders also backed Trump’s inauguration, including Apple’s Tim Cook, Google’s Sundar Pichai, and Microsoft’s leadership, each donating $1 million. Pichai even shared the stage with Musk, Bezos, and Zuckerberg during the event.

Yet, their support has done little to shield their companies from Trump’s aggressive trade policies. With tech stocks sliding and market uncertainty rising, the question remains: Will Big Tech continue backing a president whose policies are costing them billions?

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Bank Of England Holds Rates At 3.75% In Split Vote As Inflation Risks Rise

by THEFUTURE.TEAM

September 17, 2026

The Bank of England kept its benchmark interest rate at 3.75% on Thursday, but the decision was not unanimous. In a 6-3 vote, the Monetary Policy Committee kept rates unchanged, while three members backed a 25-basis-point increase to 4%. Renewed energy price pressures have added to concerns that inflation could remain elevated.

Inflation Pressures Remain

Policymakers said inflation “is likely to rise further over coming quarters,” citing higher and more volatile crude oil and refined energy prices since the conflict began.

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So far, there has been “little evidence” of significant second-round effects, such as broader wage and price increases. Inflation risks, however, are now “tilted to the upside” and have increased since the July Monetary Policy Report.

Energy Prices Add To Inflation Risks

Brent crude has risen 36% since July, reaching $106 a barrel on Sept. 14, while UK wholesale gas prices increased 78% to 207 pence per therm.

Higher energy costs can feed into transport, production and household expenses, raising costs across supply chains. Refinery pressures have also pushed crack spreads, the difference between refined fuel and crude prices, well above pre-conflict levels.

Economy Shows Resilience

Despite the inflation risks, UK economic activity has held up slightly better than the Bank expected. A softer labor market and higher borrowing costs are expected to help reduce inflation over time.

Previous monetary tightening is still working through the economy, according to policymakers. So far, the latest energy shock has not produced clear evidence of a broader wage-price spiral.

Major Central Banks Take Different Paths

The decision comes during a busy period for global monetary policy. The Federal Reserve raised rates Wednesday to 3.75%-4% in its first increase since 2023, while the European Central Bank recently lifted its deposit rate to 2.5%.

The Bank of Japan is due to announce its decision Friday, with markets expecting a rate increase. Thursday’s split vote shows that pressure for tighter policy remains within the Bank of England’s Monetary Policy Committee.