Pursuits

World’s Richest Lose $21 Billion as Carl Icahn’s Fortune Slumps

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The 100 wealthiest people on the planet shed $21.3 billion from their collective net worth as the Standard & Poor’s 500 Index posted its first weekly decline so far this year.

Activist investor Carl Icahn, the world’s 34th-richest person, was one of the week’s biggest losers, dropping $1.3 billion as shares of Icahn Enterprises LP sank 15.6 percent. He’s worth $20.4 billion, according to the Bloomberg Billionaires Index.