Outlook Business Desk
Wall Street rallied after U.S. President Donald Trump announced a 90-day pause on tariffs for select countries. At the same time, tariffs on Chinese imports were hiked to 125%. Following the announcement, shares of tech giants like Meta, Apple, and Nvidia saw major gains.
Tesla CEO Elon Musk’s net worth rose by $35.9 to $326 billion as his company’s stock soared by 23%, according to Bloomberg Billionaire's Index. Despite the gain, his total wealth remains down $107 billion year to date.
Amazon founder and former CEO Jeff Bezos saw an $18.5 billion boost in his net worth as Amazon’s stock market performance improved, bringing his total to $210 billion.
Software Giant Oracle founder Larry Ellison gained $15.5 billion overnight as the company’s stock improved, raising his net worth to $135 billion. Ellison is part of Project Stargate, a $500 billion AI infrastructure initiative backed by Donald Trump.
Microsoft co-founder Bill Gates added $9.5 billion to his fortune following a sharp rally in tech stocks on April 9, pushing his total net worth to $138 billion.
Berkshire Hathaway CEO and veteran investor Warren Buffett saw a $5.8 billion increase in wealth, with a year to date gain of $11.5 billion. His current net worth stands at $153.5 billion, as per the Bloomberg Index.
Google co-founder Larry Page added $11 billion to his net worth as Alphabet stock surged during the market rally. His total fortune now stands at $142 billion, though he remains down $25.8 billion this year.
Another Google co-founder Sergey Brin gained $10.2 billion overnight, as per the Billionaire's Index. His total wealth now stands at $134 billion, though his fortune is down $24.3 billion in 2025 so far.
Former Microsoft CEO Steve Ballmer recorded an $8.3 billion gain, bringing his net worth to $108 billion. However, it remains $16.6 billion below his net worth at the beginning of the year.