Elon Musk , Mark Zuckerberg , and Jeff Bezos have recently seen their net worths increase significantly. This follows a market rally sparked by recent US-China tariff relaxations. The "magnificent seven" tech stocks, including Apple, Amazon, and Nvidia, collectively added nearly $830 billion to their market capitalisation, according to a report by Forbes. Tesla and SpaceX CEO Musk solidified his position as the world's richest person as his net worth rose by $15 billion, reaching $359 billion. Despite Tesla's share price remaining below its all-time high, the rally substantially boosted Musk's wealth. Meanwhile, Amazon founder Bezos and Facebook-parent Meta CEO Mark Zuckerberg also experienced substantial increases in their net worth. Bezos's net worth rose by $14 billion, and Zuckerberg's by $16 billion.
However, despite these gains, both Bezos and Zuckerberg still trail Musk by a considerable margin in their overall net worth. According to the Forbes report, as of March 2025, Zuckerberg's net worth was nearly $227.1 billion, while Bezos's net worth was around $218 billion.
How the US-China tariff pause added to the net worth of tech billionaires
This comes after the US and China agreed to a 90-day truce in their ongoing trade conflict, during which they have decided to reduce tariffs by 115% points. While many tariffs imposed by the US remain in place, President Donald Trump noted that upcoming talks would focus on expanding American business access in China. He also mentioned plans to speak with Chinese President Xi Jinping later in the week, although finalising a comprehensive trade deal will take time.
This temporary pause has sparked optimism in the financial markets, with major tech stocks seeing significant gains. Amazon rose by 8.07%, Meta Platforms increased by 7.92%, and Tesla surged 6.75%, regaining a $1 trillion valuation for the first time since February.
Analysts like Dan Ives from Wedbush suggested to Forbes that the reduction in tariffs could continue to boost tech sector growth. Despite the market rally and improved sentiment, experts caution that the truce is not a permanent resolution to the trade war, the report adds.
The long-term outcome remains uncertain; however, in the short term, the decision has driven up stock and oil prices and may result in lower costs for businesses and consumers.
However, despite these gains, both Bezos and Zuckerberg still trail Musk by a considerable margin in their overall net worth. According to the Forbes report, as of March 2025, Zuckerberg's net worth was nearly $227.1 billion, while Bezos's net worth was around $218 billion.
How the US-China tariff pause added to the net worth of tech billionaires
This comes after the US and China agreed to a 90-day truce in their ongoing trade conflict, during which they have decided to reduce tariffs by 115% points. While many tariffs imposed by the US remain in place, President Donald Trump noted that upcoming talks would focus on expanding American business access in China. He also mentioned plans to speak with Chinese President Xi Jinping later in the week, although finalising a comprehensive trade deal will take time.
This temporary pause has sparked optimism in the financial markets, with major tech stocks seeing significant gains. Amazon rose by 8.07%, Meta Platforms increased by 7.92%, and Tesla surged 6.75%, regaining a $1 trillion valuation for the first time since February.
Analysts like Dan Ives from Wedbush suggested to Forbes that the reduction in tariffs could continue to boost tech sector growth. Despite the market rally and improved sentiment, experts caution that the truce is not a permanent resolution to the trade war, the report adds.
The long-term outcome remains uncertain; however, in the short term, the decision has driven up stock and oil prices and may result in lower costs for businesses and consumers.
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