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.
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.