World's Richest Lose $117 Billion in One Day

[Wikileaks]

The wealthiest 500 people on Earth lost 2.1% of their collective net worth on Monday 5th July 2019 as U.S. stocks plunged in their biggest drop this year.

Twenty-one members of the Bloomberg Billionaires Index lost $1 billion or more as investors reacted to stepped-up tensions between the U.S. and China. Amazon.com Inc. founder Jeff Bezos declined the most, shedding $3.4 billion as shares of the online retailer tumbled. But he’s still the richest person on the planet with $110 billion.

Even after today’s losses, the 500 individuals on the index control almost $5.4 trillion, an 11% increase from Jan. 1 2019. Source: Bloomberg.