A 90-day stay on tariffs by the President Donald Trump gave a big relief to the U.S. market. As soon as the news broke, stock prices of major tech companies went up sharply. This surprise jump helped some of the world’s richest people earn billions of dollars in a single day.

Elon Musk, Jeff Bezos and Mark Zuckerberg, all of whom saw their fortunes swell following US President Donald Trump's election, have witnessed billions – $80 billion to be precise – wiped from their cumulative wealth following the recent tariff policies,