On Wednesday, Trump introduced a wave of retaliatory tariffs targeting numerous countries, naming the day ‘Liberation Day’. ..Continue Reading
According to the White House, the aim behind this decision is to narrow the trade deficit — the gap between the value of imports and exports.
However, the move has attracted swift backlash, both due to the nature of the tariffs and the methods used to determine their figures.
Global markets responded negatively, with the Dow Jones Industrial Average dropping to its lowest point in eight months by Sunday.
The UK’s main market indicator, the FTSE 100, also suffered a hit, falling by 6.3%, as reported by The Telegraph.
Manchester United, Liverpool, and Arsenal are all controlled either fully or largely by American investors.
Liverpool is owned by Fenway Sports Group, based in Boston.
Arsenal is wholly owned by Kroenke Sports & Entertainment from Denver, Colorado. Meanwhile, Manchester United is under the majority ownership of the Glazer family, operating through a holding company in Rochester, New York.
According to Forbes, Arsenal owner Stan Kroenke has a current estimated net worth of $18 billion, ranking him 104th among the world’s wealthiest individuals.
Each of the six Glazer siblings holds a net worth of around $1.7 billion.
Although none rank among the top 500 individually, their combined stakes in Manchester United and the NFL’s Tampa Bay Buccaneers are reportedly worth approximately $2.88 billion and $4 billion respectively.
Liverpool’s principal owner John W. Henry has an estimated net worth of $5.5 billion, placing him 602nd on the global rich list.
Together with club chairman Tom Werner, whose fortune is estimated at $2 billion, their combined wealth would put them among the world’s top 500.
According to Bloomberg’s Billionaires Index, the 500 wealthiest individuals globally have just experienced their largest collective two-day financial drop on record, following Trump’s tariff announcement.
In total, billionaires lost an astonishing $485 billion since the markets opened on Thursday.
Notably, Meta founder Mark Zuckerberg reportedly saw the biggest personal decline, losing $17.9 billion — the most of anyone on the list.
