World's Richest People Lose $68.5 Billion in Stock Selloff

Warren Buffett

Photographer: Daniel Acker/Bloomberg

The fortunes of the world’s 500-richest people dropped by $68.5 billion Friday as equity markets swooned with investor worries about the pace of interest rate hikes in the U.S. Warren Buffett led the declines, shedding $3.3 billion to end the day at No. 3 on the Bloomberg Billionaires Index with $90.1 billion. Jeff Bezos, the world’s richest person with $119.6 billion, led the 67 billionaires whose fortunes increased Friday, adding $3.2 billion.

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