Here’s how much Warren Buffett, Bill Gates and Jeff Bezos lost in the stock market plunge

Screen Shot 2018

06 Feb 2018 || CNBC

“On Monday, Feb. 5, the Dow Jones Industrial Average plummeted, and at one moment, fell nearly 1,600 points, making it the biggest single-day point drop in history. And as U.S. stocks slipped and slid, so did the wealth of the world’s richest.

The fortunes of the super-rich, like Bill Gates and Warren Buffett, were hit hard on Monday. Bloomberg crunched the numbers and found that Buffett, nicknamed the “Oracle of Omaha” for his investing prowess, lost the most at $5.1 billion. Currently, Buffett boasts a net worth of $85 billion.

Facebook CEO Mark Zuckerberg faced the second biggest loss with a $3.6 billion decline in his fortune on Monday. The world’s richest man — Amazon founder Jeff Bezos — also faced the wrath of the sinking stock market and lost $3.3 billion, leaving him with a net worth of $116 billion.

Other wealthy individuals who saw billion-dollar losses on Monday include Microsoft founder Bill Gates, who lost $2.2 billion, and Zara founder Amancio Ortega (who was at one point the world’s richest person), who lost $1.2 billion, according to the index. The figures in the Bloomberg Billionaires Index are updated at the close of every trading day in New York.

Overall, 18 billionaires in the ranking lost more than $1 billion on Monday, according to Bloomberg.

Original Link 


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s