Wednesday, 19 Dec 2018

The US stocks fall, makes ten billionaire lost until USD 40 Million


Mark Zuckerberg Mark Zuckerberg -  The US stock market back shaky at the close of trading last Friday. This is also affects the wealth of 10 billionaires in the world. 

The US stock exchanges reportedly slumped until five percent in the week after the Dow Jones index slipped 1,000 points in two different days. The same was also experienced by the S & P index which slipped 10 percent from the previous level.

The 10 richest billionaires in the world lose USD 40 billion due to this. The world's richest man, Jeff Bezos is reported to be most loss money.

Earlier this week, Jeff Bezos's wealth was still at USD 118.8 billion. But at the close of trading on Friday, the billionaire lost USD 7 billion and now he have USD 111.8 billion.

The second richest man in the world's, Bill Gates, also having the same experience. The presence of shocks in the US stock makes him lose USD 2.3 billion in a week.

Meanwhile, Mark Zuckerberg reportedly lost USD 5.6 billion. Zuckerberg's decline in wealth is not only a result of the uncertain conditions of the US stock exchanges, but the share value of his social media company also fell 7 percent.

The billionaire Warren Buffett is heavily involved in the falling US stock market. The big-money investor lost USD 5.4 billion a week. Buffett's wealth is now at USD 84.5 billion.

Other billionaires who lost their great wealth were Zara Amancio Ortge CEO, LVMH CEO Bernard Arnault and Carlos Slim. Meanwhile, two co-founders of Google Larry Page and Sergey Brin reportedly lost each of USD 3 billion of their fortune.



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