Anurag R Dubey
Based on this information, Zuckerberg sold 1.1 million shares for $733 million in January and February via the Chan Zuckerberg Initiative and an associated fund. During that time, Meta stocks were valued at over $600. Following Trump's declaration of import tariffs, the value of securities dropped by 32%. As per the Forbes billionaires list, Zuckerberg's wealth on April 1, 2025, stood at $216 billion (ranked second globally), while on April 20, it was $173.8 billion (ranked third).
Safra Catz, Oracle's CEO, divested 3.8 million shares for $705 million. The worth of the company's securities dropped by over 30% following the duty announcement. As per Forbes' Billionaire Rankings, which monitors the wealth of the wealthiest individuals globally, Catz's net worth was estimated at $2.5 billion as of April 20. By 2024, it stood at $1.7 billion and reached $2.6 billion by early 2025.
James Dimon, leader of the biggest U.S. bank, offloaded $234 million in stock in the first quarter. As of April 20, Forbes reports Dimon's wealth at $2.3 billion. One year prior, Dimon's fortune was valued at $2.1 billion, rising to $2.4 billion by early 2025.
Stocks of Meta, along with JPMorgan Chase & Co, Oracle, and several other American firms plummeted following Donald Trump's announcement in early April regarding import tariffs between 10% and 50%. Trump quickly halted the majority of tariffs for a period of 90 days, citing the readiness of over 75 countries to engage in trade negotiations. The abrupt downfall of the markets had a significant impact on 3,000 billionaires: the total wealth of the wealthiest individuals dropped by $270 billion.
source: bloomberg.com
Safra Catz, Oracle's CEO, divested 3.8 million shares for $705 million. The worth of the company's securities dropped by over 30% following the duty announcement. As per Forbes' Billionaire Rankings, which monitors the wealth of the wealthiest individuals globally, Catz's net worth was estimated at $2.5 billion as of April 20. By 2024, it stood at $1.7 billion and reached $2.6 billion by early 2025.
James Dimon, leader of the biggest U.S. bank, offloaded $234 million in stock in the first quarter. As of April 20, Forbes reports Dimon's wealth at $2.3 billion. One year prior, Dimon's fortune was valued at $2.1 billion, rising to $2.4 billion by early 2025.
Stocks of Meta, along with JPMorgan Chase & Co, Oracle, and several other American firms plummeted following Donald Trump's announcement in early April regarding import tariffs between 10% and 50%. Trump quickly halted the majority of tariffs for a period of 90 days, citing the readiness of over 75 countries to engage in trade negotiations. The abrupt downfall of the markets had a significant impact on 3,000 billionaires: the total wealth of the wealthiest individuals dropped by $270 billion.
source: bloomberg.com