"Wealthy tech bros, former Playboy bunnies and Australian miners are turning on Donald Trump as the fallout continues from new tariffs he imposed on America’s trading partners late last week.
"Business leaders who previously donated to Trump’s campaign or showed support for the US president during his re-election bid have criticised the widespread tariffs, which have plunged the global stock market into chaos.
"The tariffs were designed to deal with "the highest trade imbalances" with the United States and were wide-ranging measures taken in a bid to prioritise US manufacturing.
"However their sweeping nature has sparked fears of a global recession as investors sell off trillions of dollars' worth of stocks.
"Even with a two per cent rebound on Tuesday, Australian stocks had still lost more than five per cent - or over $100 billion - in value since last Wednesday's close.
"Meanwhile the world’s 500 richest people suffered the biggest two-day loss ever recorded on the Bloomberg Billionaires Index, losing a collective $887 billion.
"Business men and women who have previously backed Mr Trump’s policies and election platform have since turned on him, with some suffering billions of dollars wiped off their overall net worth."
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There are losses shown for fElon Musk, Jeff Bezos, Mark Zuckerberg and three others, including an Aussie billionaire Gina Rinehart.