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World's 500 richest people have lost combined $107 billion this week

Seems like this week was quite expensive for the billionaires, as the world’s 500 richest people have lost a combined $107 billion, more than the entire market capitalisation of Goldman Sachs Inc or Lockheed Martin Corp.

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Seems like this week was quite expensive for the billionaires, as the world’s 500 richest people have lost a combined $107 billion, more than the entire market capitalisation of Goldman Sachs Inc or Lockheed Martin Corp.

Facebook CEO Mark Zuckerberg faced the biggest fall after losing $3.2 billion as large cap stocks disappointed for a fourth straight day, as Bloomberg Billionaires Index.

Losses for Zuckerberg was followed by Spain’s Amancio Ortega and Mexico’s Carlos Slim, who were both down $2.4 billion as of 1pm in New York.

Since markets opened on Monday, the fortunes of Alphabet Inc’s Larry Page and Sergey Brin each dwindled more than $2 billion.

Chinese tycoons saw $16 billion erased.

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