UNITED STATES (OBSERVATORY NEWS) — The collapse of markets sharply reduced the total wealth of the 500 richest people in the world. They lost 139 billion dollars in a day, Bloomberg reports. And this is the most severe blow since the beginning of this statistics.
Bernard Arnault, CEO of Louis Vuitton Moet Hennessy, and Amazon CEO Jeff Bezos lost nearly $ 5 billion each. The fortune of the owner of the Spanish retail chain Zara, Amancio Ortega, decreased by 4 billion, and the head of Facebook Mark Zuckerberg – by almost 3 and a half.
Of the Russian billionaires, the president of LUKOIL Vagit Alekperov lost the most — almost a billion and a quarter, the head of NOVATEK Leonid Mikhelson lost 692 million, and the vice president of LUKOIL Leonid Fedun – 508 million dollars.
As previously reported by our portal , the American stock market experienced one of the worst falls in history. During the day, major indexes crashed by more than 3.5%, while the shares of such giants as Google, Apple, Microsoft and Amazon fell by almost 5%.
The Dow Jones industrial index fell 1031.61 points – 3.56%, the S&P 500, fell 111.86 points, or 3.35%. The high-tech Nasdaq fell 3.71% to 9,221.28, which was the largest collapse in history.
This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.
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