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Fortunes Tumble From Seattle to Shenzhen in $135 Billion Wipeout

  • Musk loses $7.2 billion as net worth drops below $200 billion
  • Pinduoduo founder Colin Huang has lost $29.4 billion this year
Bloomberg business news
What's Unsettling Global Markets?

A global rout in stock markets sparked by concerns over China Evergrande Group hit the world’s biggest fortunes Monday, with the richest 500 people losing a combined $135 billion.

Tesla Inc.’s Elon Musk led the declines as his world-leading net worth fell $7.2 billion to $198 billion, according to the Bloomberg Billionaires Index. No. 2 Jeff Bezos, the founder of Seattle-based Inc., lost $5.6 billion, paring his fortune to $194.2 billion.