The World's Five Richest People Lost $8.7 Billion in Monday's Selloffby
The world’s five richest people lost $8.7 billion Monday in a global stock selloff sparked by weak factory data in China and a flareup in tensions between Saudi Arabia and Iran.
Amazon.com Inc. founder Jeff Bezos led decliners on the Bloomberg Billionaires Index in the first trading day of 2016, losing $3.7 billion as the world’s largest online retailer fell 5.8 percent. His net worth is now $56 billion. Spain’s Amancio Ortega dropped $2.5 billion to $70.4 billion as his Inditex SA, the biggest fashion retailer, fell 3.5 percent. Berkshire Hathaway Inc. Chief Executive Officer Warren Buffett, Mexico’s Carlos Slim and Microsoft Corp. co-founder Bill Gates, the richest person on the planet, lost a combined $2.5 billion.
|Billionaire||Daily Change||Net Worth||2015 Change|
|Jeff Bezos||-$3.7 billion||$56 billion||+$31 billion|
|Amancio Ortega||-$2.5 billion||$70.4 billion||+$11.8 billion|
|Warren Buffett||-$870 million||$61.4 billion||-$11.5 billion|
|Carlos Slim||-$868 million||$51.4 billion||-$20.3 billion|
|Bill Gates||-$739 million||$83 billion||-$2.8 billion|
The biggest gainer was activist investor Carl Icahn, whose net worth climbed $210.4 million to $20.1 billion. The Bloomberg index is a daily ranking of the world’s 400 richest people, who lost a combined $82.4 billion for the day.