🌅 Today's stat: $304 billion

Author

Sunrise Stat
April 17, 2025

$304 billion - The amount of wealth the world’s richest people gained on April 9 after President Trump pledged to pause some of his tariffs.

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SOURCE
WHAT TO KNOW

  • The world’s wealthiest people added $304 billion to their combined net worths on April 9, marking the largest single-day gain in the history of the Bloomberg Billionaires Index. Stock markets surged after President Trump announced he would pause some of the tariffs he levied on trade partners, reversing steep losses and boosting the fortunes of the world’s 500 richest people by an average of 3.5%.

WHY IT MATTERS

  • The largest individual gainer on the day was Tesla CEO Elon Musk, who added $36 billion to his net worth after the rally. Meta CEO Mark Zuckerberg ($26 billion gain) and Nvidia CEO Jensen Huang ($15.5 billion) were the next two largest beneficiaries.

CONNECT THE DOTS

  • Millions of dollars of ”well-timed” call option activity in the minutes before Trump announced his tariff pause has prompted several Democratic lawmakers to accuse the Trump administration of insider trading. Legal experts say the claims here aren’t unfounded, however, they would be difficult to prove since the laws that prevent the president and federal employees from trading on “non-public information” define the information in a way that makes the laws fatally ambiguous.