Musk, Bezos and Zuckerberg's Net Worth crosses $30 billion

• 13 May 2025
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On Monday, May 12, 2025, US stock markets surged following the US and China agreement on the tariff accord, boosting the net worth of Elon Musk, the founder and CEO of Tesla, Jeff Bezos of Amazon and Mark Zuckerberg of Meta by over $30 billion.

A Forbes story claims that after Tesla shares surged on Monday's US market, Elon Musk's net worth grew by over $11 billion. Mark Zuckerberg's personal worth increased by $12 billion, while others, such as Jeff Bezos, the founder of Amazon, saw their net worth increase by $13 billion.

According to CompanyMarketCap data, Amazon's shares increased by more than 7% on Monday, resulting in an 8.03 percent increase in the company's market capitalization (M-Cap) to $2.214 trillion.

As of May 12, 2025, the M-Cap of the electric vehicle (EV) brand Tesla increased 6.86 percent to $1.026 trillion, while the M-Cap of Meta Platforms increased 7.73 percent to $1.604 trillion.

US-China Tariff Agreement

After three days of negotiations, the United States and China agreed to lower the high tariff rates on their imported goods. Instead of keeping its present tariff rates at 125%, China suggested lowering them to 10%. However, the United States has also made the decision to lower its tariff rates from their present levels of 145% to 30%.

This negotiation was hailed by investors worldwide as the first move toward de-escalation from the geopolitical tensions that have been raging between the US and other countries, particularly China. Since the US president imposed a total tariff of 145% on the Asian country in an attempt to reduce imports, this is the first de-escalation action. Last month, China imposed 125 percent tariffs on all US imports in retaliation.

Source: LiveMint