Trump's trade war is eroding US billionaires' fortunes — while China's are getting even richer

Source: Business Insider

Zhang Yiming, the CEO of TikTok owner Bytedance, is worth $57 billion. VCG/VCG via Getty ImagesThe US tech elite are down sharply in wealth this year while their Chinese rivals are up strongly. Elon Musk's net worth has tanked by $121 billion, while Bytedance's CEO is up nearly $14 billion.