US-China tariff pause: Elon Musk, Mark Zuckerberg and Jeff Bezos’ net worth increases by billions

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.