Just last Thursday alone, the 500 richest individuals on the planet together lost $ 331 billion.
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The combined fortunes of the 500 richest people of the world have decreased by almost a trillion dollars so far this year due to the SARS-Cov-2 coronavirus, estimates Bloomberg.
Just last Thursday alone, these billionaires together lost $ 331 billion, marking the biggest one-day drop in the eight-year history of the Bloomberg Billionaires Index. This placed the accumulated losses since the beginning of the year at 950,000 million dollars.
According to the index, the world’s richest have lost 16% of their collective net worth. Thus, the fortune of Bernard Arnault, President and CEO of LVMH, was reduced by $ 9.5 billion, while that of Jeff Bezos was reduced by about $ 8.1 billion.
Market impact
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Fears of the rapid spread of covid-19 have had a strong impact on world markets. All operations on Wall Street were automatically suspended this Monday, for about 15 minutes, after the main indices opened lower with losses of more than 7% of its value.
This same day, European shares also opened lower, losing up to 8% of their value despite the measures taken by central banks to face the problems faced by various industries.
The oil industry has also been affected by the price of free-falling Brent crude, which fell below $ 31 a barrel.
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