Learn How Much The World's Billionaires Lost As Markets Decline

On Monday world markets fell resoundingly due to the decline of the yuan and the collapse of the Dow Jones due to the fear that there is a breakthrough in the declared trade war between the United States and China, this decline in the stock markets affected the 500 wealthiest people on the planet, reported .rt.com.

By MiamiDiario Newsroom

This Monday - with the biggest decline of 2019- of the shares in the US market, the 500 people with more money in the world they lost 2,1% of their collective net worth, asserted the Bloomberg news agency.

Among the factors that influenced the decline of the markets are the fall of the yuan, which caused the decline of the Dow Jones stock index, and the fear that it will intensify the commercial war between United States and China.

The detailed figures of the losses that the tycoons of the world had, indicate that 21 billionaires lost up to 1.000 million dollars or more, as investors responded to escalating tensions between the United States and China.

The most affected potentate was the Amazon founder Jeff Bezos, who lost 3.400 million dollars, but it should be noted that with more than 110.000 million dollars he is still the richest person in the world.

Then the second most affected billionaire was the owner of the group of French luxury goods LVMH, Bernard Arnault, who lost $3.200 billion.

It is followed by Facebook creator Mark Zuckerberg, who had losses of 2.800 million dollars; then locates the Indian tycoon Mukesh Kakambani, who lost 2.400 billion dollars and the fifth billionaire who lost money was the Microsoft co-founder Bill Gates that whose assets decreased by 2.000 million dollars.

But despite having lost so much money, the 500 richest people on the planet still drive some 5.400 trillions of dollars, this figure implies an increase of 11% compared to last January 1 in their assets, said Bloomberg.