Market Tumble Wipes Out Almost $100 Billion From World's Richest

Swooning markets Thursday cost the world’s 500 richest people $93 billion in net worth, and 20 of them lost at least $1 billion each.

Jeff Bezos, the world’s richest person, saw his fortune drop by $5.3 billion to $113.2 billion, according to the Bloomberg Billionaires Index, as his Amazon.com Inc. tumbled 4.7 percent on the day. Berkshire Hathaway Inc. Chairman Warren Buffett ’s wealth dropped $3.5 billion and Facebook Inc.’s Mark Zuckerberg lost $3.4 billion.

Elon Musk came back to Earth, dropping $1.1 billion in net worth after his Space Exploration Technologies Corp. successfully launched a Tesla Inc. sports car on a journey around the sun. Shares of Tesla, which he also leads, plunged 8.6 percent.

Published by Blomberg.com Link (Source): https://www.bloomberg.com/news/articles/2018-02-08/market-tumble-wipes-out-almost-100-billion-from-world-s-richest

Submitted February 08, 2018 at 11:57PM by snack-fu-bling http://ift.tt/2H0BHMZ