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Global market crash wipes out nearly $100 billion from the world's richest

Chairman Warren Buffett 's wealth dropped $3.5 billion and Facebook Inc.'s Mark Zuckerberg lost $3.4 billion

Krista Gmelich Tom Metcalf | Bloomberg 

Amazon's Jeff Bezos becomes world's richest person, surpasses Bill Gates

Swooning markets Thursday cost the world’s 500 richest people $93 billion in net worth, and 20 of them lost at least $1 billion each.

Jeff Bezos, the world’s richest person, saw his fortune drop by $5.3 billion to $113.2 billion, according to the Bloomberg Billionaires Index, as his com Inc. tumbled 4.7 percent on the day. Berkshire Hathaway Inc. Chairman ’s wealth dropped $3.5 billion and Facebook Inc.’s lost $3.4 billion.

came back to Earth, dropping $1.1 billion in net worth after his Space Exploration Technologies Corp. successfully launched a Inc. sports car on a journey around the sun. Shares of Tesla, which he also leads, plunged 8.6 percent.

The Dow Jones Industrial Average and S&P 500 Index both tumbled to their lowest levels since November as fears of rising interest rates and inflation intensified.


First Published: Fri, February 09 2018. 08:20 IST