Because of the collapse of the US stock market, the world's wealthy are suffering the biggest losses Because of the collapse of the US stock market, the world's wealthy are suffering the biggest losses
Written by  Feb 08, 2018 - 153 Views

Because of the collapse of the US stock market, the world's wealthy are suffering the biggest losses

Warren Buffett, chairman of Berkshire Hathaway and the world's third-richest person, has lost $ 5.1 billion, according to Bloomberg.

Buffett, 87, was one of the 18 billionaires in the Bloomberg category who lose more than $ 1 billion in a single day.

Mark Zuckerberg, the chief executive of Facebook, also dropped $ 3.6 billion, the second-largest decline.

Jeff Bezos, chief executive officer of Amazon and the world's richest man, was not immune to these losses. Its wealth declined by $ 3.3 billion to $ 116.4 billion, with retailers down 2.8%. The losses of Larry Page and Sergey Brin, the owners of Alapate, were about $ 2.3 billion.

The collapse of the US stock market following the more modest declines on Friday 2/2/2018, which toppled about $ 68.5 billion of the wealth of the richest 500 people in the world.

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