Amidst recent market turbulence, a group of prominent billionaires are doubling down on their investments, strategically leveraging the volatility to solidify their stakes in their respective companies. According to Bloomberg, the PERSSON and LUNDIN families, alongside business magnate CARLOS SLIM, have collectively injected $96.3 million into their businesses.
The PERSSON FAMILY, major shareholders in global fashion retailer H&M, bolstered their position with an investment of approximately $78 million. Meanwhile, the LUNDIN DYNASTY invested $16 million on April 3rd to increase their holdings in Lundin Mining, a leading mining corporation. On the same day, CARLOS SLIM, recognized as one of the world’s wealthiest individuals, allocated $2.3 million to acquire shares in PBF Energy amidst a slump in energy prices.
This flurry of investments followed a significant market downturn triggered by former U.S. President DONALD TRUMP’s tariff announcements on April 2nd. The policy shift resulted in PBF Energy’s shares plummeting over 26% by April 8th. The broader market impact was equally staggering, with billionaires collectively losing $536 billion in wealth over the subsequent two days—the largest two-day decline ever recorded by the Bloomberg Billionaires Index.
These bold moves underscore the confidence of these tycoons in their companies’ long-term potential, even as they navigate unprecedented market challenges.