Last week was an expensive one for most investors, even for billionaires.
The combined fortunes of the world’s 500 richest people fell by $444 billion as the coronavirus continued to spread -- and spread fear -- rattling equity markets worldwide. The Dow Jones Industrial Average tumbled more than 12%, the biggest five-day slide since the depths of the 2008 financial crisis, in a rout that vaporized more than $6 trillion from global stocks.
