World’s Richest Nearing $1 Trillion Wipeout in 2020 Rout
- No region spared as coronavirus fears slam global markets
- The 500 wealthiest lost $331 million Thursday, led by Arnault
From New York to Paris, Sao Paulo to Hong Kong the losses are unprecedented for the world’s wealthiest.
The world’s 500 richest people collectively lost $331 billion on Thursday, the biggest one-day drop in the eight-year history of the Bloomberg Billionaires Index. That pushed the group’s year-to-date losses to $950 billion.