• About
  • Advertise
  • Careers
  • Contact Us
Wednesday, June 25, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Business

Zuckerberg, Bezos, Musk, and Ellison Gain $50bn in a Day as U.S.-China Tariff Pause Boosts Tech Stocks

by Joan Aimuengheuwa
May 13, 2025
in Business
0
Zuckerberg, Bezos, Musk, and Ellison Gain $50bn in a Day as U.S.-China Tariff Pause Boosts Tech Stocks
U.S.-China Tariff Pause

U.S.-China Tariff Pause

UBA
Advertisements

A stock market rebound on Monday, 12 May, added $50 billion to the wealth of four of the world’s top tech billionaires, as investors reacted sharply to a pause in tariff issues between the United States (U.S.) and China.

Mark Zuckerberg was the biggest winner. Meta’s CEO saw his net worth jump by $16 billion, reaching $220.9 billion. This places him as the third-richest person alive. 

The reason was that Meta shares surged after markets digested news of easing global trade pressures. His 13% stake in the company continues to pay off as confidence grows in Meta’s move toward the metaverse and artificial intelligence.

Jeff Bezos came next. The Amazon founder added $14.2 billion to his fortune, which now sits at $223.6 billion. Even though he stepped down as CEO in 2021, he still owns just under 10% of Amazon. 

The company’s shares jumped 8%, driven by hopes that reduced trade friction will cut down import costs, good news for Amazon’s sellers who source heavily from China.

Elon Musk wasn’t left behind. Tesla’s stock rose, and with it, Musk’s net worth increased by $11.3 billion. That puts him at $406.9 billion, maintaining his top spot as the richest man in the world. 

Investors were not only bullish on Tesla, but also on xAI, his artificial intelligence firm valued at $50 billion. Musk holds 42% of SpaceX and about 12% of Tesla, although much of his Tesla stock is pledged as collateral.

Oracle Co-founder Larry Ellison rounded out the top four, gaining $8.2 billion. He now holds $196.1 billion in wealth, putting him fourth globally. His fortune is closely tied to Oracle’s growth trajectory, with Ellison owning about 40% of the company.

Oracle’s share price rose off the back of growing expectations around AI-driven enterprise software demand and large-scale acquisitions like Cerner.

This sudden market rally wasn’t isolated. The entire “Magnificent 7”—Apple, Amazon, Meta, Microsoft, Alphabet, Tesla, and Nvidia—gained $837.5 billion in market value in just one day, making it the largest single-day jump for the group since early April.

Tech investors took the tariff pause between the U.S. and China as a sign of temporary stability. It doesn’t mean the trade issue is over, but it offered a window of relief.

Supply chain disruptions have affected chipmakers and consumer tech brands alike. This move led to immediate confidence, particularly in the semiconductor sector.

Nvidia, AMD, Qualcomm, and Broadcom all rose by roughly 5–6%. Marvell led the chipmakers, jumping 8%. Apple also rose 6%, despite warning it may still face $900 million in added costs this quarter due to previously announced tariffs.

Chinese tech stocks listed in New York—Alibaba, Baidu, JD.com—saw their own bump. European chipmakers like ASML and Infineon followed suit.

Loading

Advertisements
MTN ADS

0Shares
Tags: amazonBillionaire Wealth Surge 2025Elon MuskJeff BezosLarry EllisonMetaORACLETech investorsTech StocksTech Stocks US-China TruceTESLAU.S.-China Tariff
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Next Post
CBN - Central Bank of Nigeria

CBN Declares Loan, Contract Offers by Third Party as Fraudulent

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

12 African Startups draw full house as Techstars hosts Demo Day in Lagos

12 African Startups draw full house as Techstars hosts Demo Day in Lagos

1 year ago

Meta Announces First AI-powered Speech Translation System for Unwritten Language

3 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.