Wealth of world’s richest tycoons shrinks as US president’s trade war spooks investorsBusiness live – latest updatesWith global stock markets reeling from Donald Trump’s announcement of sweeping border taxes, some of the US president’s business allies have been left counting the cost.The w orld’s 500 richest people lost a collective $536bn (£417bn) in the first two days of stock market trading after Trump’s “liberation day” announcement last Wednesday. It was the biggest two-day loss of wealth ever recorded by Bloomberg’s billionaires index. Continue reading... ...read more read less