- Jeff Bezos on Monday lost $3.4 billion in net worth, Bloomberg reported.
- The world’s richest people lost 2.1% collectively after a global stock rout, with the 500 wealthiest losing $117 billion.
- Mark Zuckerberg lost $2.8 billion, while Bill Gates lost $2 billion in net worth.
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The world’s 500 wealthiest people lost a collective $117 billion on Monday as stocks plunged across the world amid global fears of an escalation in the US-China trade war.
Of those 500, Amazon CEO 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.
Among others with steep losses were Bernard Arnault, who lost $3.2 billion; Mark Zuckerberg, down $2.8 billion; Mukesh Ambani, who dropped $2.4 billion; and Bill Gates, whose net worth fell by $2 billion.
The sell-off came after China let its currency fall to 2008 levels against the dollar, sparking fears it would weaponize its currency in the trade war against the US.
Bloomberg noted that even after Monday’s losses, the 500 wealthiest people still controlled roughly $5.4 trillion, up 11% this year.
Last week, Bezos had sold off more of Amazon’s shares than previously thought, totaling roughly $2.8 billion.
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