World's ten richest people lose $ 14.4 billion

World's ten richest people lose $ 14.4 billion The world's ten wealthiest people lost $ 14.4 billion in one day, Report says, citing Bloomberg Billionaires Index (BBI).
Business
October 27, 2020 14:50
World's ten richest people lose $ 14.4 billion

The world's ten billionaires lost $ 14.4 billion in one day, Report says, citing Bloomberg Billionaires Index (BBI).

Yesterday's auction was successful for only two people in the BBI TOP10. Elon Musk, head of Tesla and SpaceX, ranked No. 4, earned $ 2.88 billion, and Jeff Bezos, president of Amazon, topped the list with $ 263 million.

At the same time, according to Forbes Real-Time, the richest people in the TOP10 suffered more than $ 17 billion yesterday. While Jeff Bezos was the only undamaged person in the top ten, Elon Musk missed $ 66 million.

The loss of the world's riches is explained by the results of trading on US stock exchanges. The Dow Jones industrial average fell 2.3% (the most significant decline since Sept. 3), the S&P 500 - 1.9% (the biggest drop in a month), and the Nasdaq - 1.6%.

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