Jeff Bezos Loses $ 5.6 Billion In One Day

Jeff Bezos Loses $ 5.6 Billion In One Day

Yesterday, while all the world's stock markets suffered a severe decline, the billionaires suffered a significant loss of wealth due to these declines. Yesterday global markets were having the shakiest days in history. The dispute between Russia and Saudia Arabia resulted in a loss of up to 30 percent in oil prices. The slump in oil prices coupled with coronavirus uncertainty led to harsh losses on world stock markets. The total wealth of the world's 500 richest people fell by $ 238.5 billion in just 1 day. Jeff Bezos Loses $ 5.6 Billion In One Day Amazon founder and CEO Jeff Bezos, the world's richest person, lost $ 5.6 billion in one day. Bezos ' fortune thus declined to $ 112 billion. Microsoft founder Bill Gates likewise lost $ 5.12 billion in 1 day, and his total fortune fell to $ 106 billion. The chief executive of luxury giant LVMH, Bernard Arnault's total wealth fell to $ 81.4 billion. Frenchman Arnault was the most money-losing man in Europe yesterday.

17 PEOPLE'S FORTUNES SOARED

Just as people's total fortunes were falling, so was their's rising. Of the 500 people, 17 are among those whose fortunes have soared. The name whose wealth increased the most was Chinese Qin Yinglin, who raised $ 536 million. Qin, the owner of a food manufacturer called Muyuan Foodstuff, has reached $ 13.7 billion as of yesterday.