The world's
400 richest people lost a combined $70 billion on Monday as equity markets
around the globe were hammered on fears about Greece and declines in China
fueled by leveraged investors exiting the market.
The collective decline for the billionaires
amounted to a fall of more than 1.5 percent. The combined loss is more than the
market capitalization of Ford Motor Co. or Twenty-First Century Fox Inc. The
S&P fell 2.1 percent on the day and the NASDAQ dropped 2.4 percent. In
Europe, the Euro Stoxx index lost 4.2 percent. China's Shenzhen Stock Exchange
Composite index lost more than 6 percent of its value.
Among the world's richest people, Spain's
Amancio Ortega had the biggest fall, losing $2.2 billion on the day, a 3.2
percent decline. Ortega is Europe's richest person and the world's
second-richest individual with $69.2 billion. U.S. investor Warren Buffett is
the world's third-richest person with $67.1 billion and he lost $1.6 billion.
Bill Gates, the richest person on the planet, lost $1.4 billion, a 1.7 percent
decline. The world's 400 richest people control a combined $4.2 trillion,
almost $400 billion more than the GDP of Germany.
Πηγή:
bloomberg.com
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