The wealth of the world’s top 500 richest has shrunk by $444 billion, Bezos and Gates top the list

Netease Technology News Feb. 29 news, according to foreign media reports, this week, the U.S. stock market plummeted for several days, which caused huge losses for most investors, and this situation also greatly increased the wealth of billionaires with huge wealth. shrink.

The combined wealth of the world’s 500 richest people has wiped out $444 billion this week as the coronavirus outbreak continues to expand. Over the past five days, the Dow Jones Industrial Average has plunged more than 12%, its biggest weekly drop since the 2008 financial crisis, wiping more than $6 trillion off global stock markets.

The combined gain of $78 billion for the world’s 500 richest people from the start of the year to this week is far less than the $444 billion loss, according to the Bloomberg Billionaires Index. amount.

The top three richest people in the world – Amazon’s Jeff Bezos, Microsoft co-founder Bill Gates and LVMH chairman Bernard Arnault Arnault), suffered the most, with the trio’s combined fortunes wiping about $30 billion.

Elon Musk, CEO of Tesla Motors, ranked fourth in wealth loss over the past week, with a loss of $9 billion. Still, he added $8.8 billion to his wealth in 2020, with a net worth of $36.3 billion. Musk is the 25th richest person in the world.

About 80% of billionaires in Bloomberg’s wealth rankings are in the red for this year. Micky Arison, chairman of US-based Carnival Corp, lost $1 billion in wealth in the past week. The Diamond Princess cruise ship, owned by the world’s largest cruise operator, has been quarantined since arriving in Yokohama, Japan on February 3, with 3,500 passengers and crew on board, hundreds of whom have tested positive for coronavirus, including at least one dozens of Americans.

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Author: Yoyokuo