REUTERS/Clodagh Kilcoyne
Jeff Bezos
- Jeff Bezos yesterday lost $3.4 billion in net worth on Monday, after US stocks plunged after China's yuan fell dramatically, Bloomberg reported.
- The world's richest lost 2.1% collectively, with the 500 wealthiest losing $117 billion.
- Mark Zuckerberg lost $2.8 billion while Bill Gates lost $2 billion in net worth.
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The world's 500 wealthiest people lost a collective $117 billion as stocks plunged across the world after China's move to let its currency fall to 2008 levels sparked global fears of an escalation in the US-China trade war.
Other notable losses were Bernard Arnault losing $3.2 billion, Mark Zuckerberg down $2.8 billion, Mukesh Ambani dropping $2.4 billion, and Bill Gates' net worth down by $2 billion.
Of those 500, Jeff Bezos, the world's wealthiest person, lost $3.4 billion, according to Bloomberg, as Amazon's stock plunged 3.2%.
"But he's still the richest person on the planet with $110 billion," Bloomberg said.
Bloomberg also noted that even after the losses, the 500 wealthiest individuals control roughly $5.4 trillion, up 11% from the start of 2019.
Last week, Bezos had sold off more of Amazon's shares than previously thought, totalling roughly $2.8 billion.
Markets Insider
Amazon shares plunged 3.2% on Monday.
