- Jeff Bezos yesterday lost $3.4 billion in net worth on Monday, Bloomberg reported.
- The world’s richest lost 2.1% collectively after a global stock rout made dents in billionaires’ fortunes. The 500 wealthiest lost $117 billion.
- Mark Zuckerberg lost $2.8 billion while Bill Gates lost $2 billion in net worth.
- View Markets Insider for more stories.
The world’s 500 wealthiest people lost a collective $117 billion as stocks plunged across the world after China’s move to let its currency fall to 2008 levels sparked global fears of an escalation in the US-China trade war.
Other notable losses were Bernard Arnault losing $3.2 billion, Mark Zuckerberg down $2.8 billion, Mukesh Ambani dropping $2.4 billion, and Bill Gates’ net worth down by $2 billion.
Of those 500, Jeff Bezos, the world’s wealthiest person, lost $3.4 billion, according to Bloomberg, as Amazon’s stock plunged 3.2%.
“But he’s still the richest person on the planet with $110 billion,” Bloomberg said.
Bloomberg also noted that even after the losses, the 500 wealthiest individuals control roughly $5.4 trillion, up 11% from the start of 2019.
Last week, Bezos had sold off more of Amazon’s shares than previously thought, totalling roughly $2.8 billion.
Join the conversation about this story »
NOW WATCH: Jeff Bezos is worth over $160 billion — here’s how the world’s richest man makes and spends his money