Nine out of the world’s ten richest individuals have lost a combined $370 billion since the beginning of the year, primarily due to market instability triggered by former US President Donald Trump’s trade war policies. Warren Buffett stands out as the only billionaire who saw his fortune grow—by $11.5 billion—during this period. Others were not so lucky: Elon Musk lost $135 billion, Larry Ellison $44.9 billion, Jeff Bezos $42.6 billion, Larry Page $34.7 billion, Sergey Brin $32.5 billion, Bernard Arnault $26.2 billion, Mark Zuckerberg $24.5 billion, Steve Ballmer $20.4 billion, and Bill Gates $9.45 billion. Experts warn that continued trade tensions may deal a heavy blow to the global tech industry. China has already signaled this possibility by tightening controls on its tech exports.