The world’s five richest people have lost more money this week than you or I (or all of us combined) will ever see in a lifetime. They lost more money than we could earn in a hundred lifetimes. Their losses were so grand that my feeble mind cannot even begin to comprehend the amount of money that disappeared from their portfolios as the global stock market(s) crashed.
According to Bloomberg, the world’s five richest people include Jeff Bezos (founder of Amazon), Amancio Ortega (fashion retailer Inditex SA), Warren Buffett (Berkshire Hathaway), Carlos Slim (Mexican telecommunications), and Bill Gates (some computer company). Combined those five men have a net worth of $322.2 BILLION, and on Monday they lost an unfathomable amount of money as the global stock markets crashed.
Jeff Bezos was hit the hardest, losing $3.7 billion on Monday. Bezos was followed by Amancio Ortega who lost $2.5 billion. Bringing up the rear was Warren Buffett with a loss of $870 million, Carlos Slim with $868 million in losses, and last but not least there’s Bill Gates who lost $739 million on Monday alone. Collectively the 5 richest men in the world lost $8.7 BILLION ON MONDAY. And just in case you’re wondering what Silicon Valley wunderkind Mark Zuckerberg lost on Monday it’s $144.4 million, so Zuck wasn’t exactly immune from the tanking markets.
To see how the rest of the world’s billionaires were affected by the crashing markets you can follow the link and check out Bloomberg’s Billionaire Index, an index that tracks the earnings/losses of the world’s wealthiest individuals.