33864
World’s Richest Lose $194b
World Economy

World’s Richest Lose $194b

The world’s 400 richest people lost almost $194b this week as world stock markets began the year with a shudder on poor economic data in China and falling oil prices.
Forty-seven billionaires lost $1b or more during the worst week for US stocks since 2011, according to the Bloomberg Billionaires Index. The combined drop was almost seven times the $29b lost in the first five trading days of 2015. The 400 people on the index had a combined $3.7 trillion at the end of the week, compared with more than $4 trillion a year ago.
Amazon.com founder Jeff Bezos, the best-performing billionaire in 2015, lost the most, his fortune dropping $5.9b this week as shares of the world’s largest online retailer fell more than 10%. Bezos is the world’s fourth-richest person with $53.7b and more than doubled his net worth in 2015 as investors cheered profits at Amazon.
The world’s richest person, Bill Gates, fell $4.5b to $79.2b, while Spain’s Amancio Ortega, the second-richest, dropped $3.4b to $69.5b.

Short URL : https://goo.gl/3EmZ2d
  1. https://goo.gl/Kdd39W
  • https://goo.gl/Oz2zK7
  • https://goo.gl/Co9hii
  • https://goo.gl/3UvtNA
  • https://goo.gl/5C0M64

You can also read ...

Both, Russia and China, have intensified efforts in recent years to settle bilateral trade not in US dollars, but in rubles and yuan. Gold is considered important by both countries.
The issue of when a global reserve currency begins or ends is...
Norway’s Sovereign Wealth Fund  Hits $1 Trillion
The Norwegian sovereign wealth fund, the largest in the world...
Janet Yellen
As the Fed starts unwinding the stimulus it provided to snap...
London, Frankfurt and Paris fluttered between flat to slightly lower after eight days of gains.
Record-high world stocks paused on Tuesday and the dollar...
Kazakh Economy Grows by 4.3%
The economic growth in Kazakhstan was at 4.3% since the...
Ukraine Raises $3b in First Bond issue
Ukraine has raised $3 billion in its first sovereign bond...
Dutch Economy Doing Fine
The Dutch economic machine is roaring, government or not. As...
The IMF could write off its debt and lighten Greece’s burden.
“Beware of Greeks bearing gifts,” wrote the ancient Roman poet...

Trending

Googleplus