- Just as Covid-19 made some of the the world's richest men wealthier, it has also succeeded in making some of the wealthiest men in the United States $14.7 billion (R240 billion) poorer
- The nett worths of Mark Zuckerberg, Elon Musk, Bill Gates and others dropped after the market took a hit
- Amazon CEO Jeff Bezos, however, became the only billionaire on the list who gained as he added $159 million (R2.6 billion) to his wealth
PAY ATTENTION: Click “See First” under the “Following” tab to see Briefly.co.za News on your News Feed!
The 10 wealthiest men in the United States have collectively lost $14.7 billion (R240 billion) in a single day after the market took a hit at the start of the week.
Forbes reports that the Dow Jones Industrial Average fell 650 points, the S&P 500 fell 1.9% and the Nasdaq Composite was down 1.6% on Monday, October 26.
The market drop was occasioned by the spike in the country's coronavirus cases alongside a lack of a second stimulus plan ahead of upcoming earnings reports from tech companies.
Mark Zuckerberg of Facebook suffered the biggest loss as his nett worth stood at roughly $101.8 billion after market closed on Monday and he lost $2.8 billion. Bill Gates lost $1.7 billion while Alice Walton of Walmart lost $635 million.
Others whose nett worths dropped included Elon Musk and Warren Buffett. While Musk lost $66 million, Buffet lost $1.5 billion.
Steve Ballmer of Microsoft lost $1.7 billion while Larry Ellison of Oracle lost $2.6 billion. Larry Page and Sergey Brin of Google lost $2 billion and $1.9 billion respectively.
However, chief executive officer of Amazon Jeff Bezos added to his fortune, becoming the only billionaire on the list whose fortune increased. He added $159 million (R2.6 billion) to his wealth.
Briefly.co.za previously reported that the 10 richest technology moguls lost $44 billion from their collective wealth on Thursday, September 3 as the United States equities tumbled and investments suffered.
The wealthiest man in the world and co-founder of Amazon Inc, Jeff Bezos, lost the most as $9 billion was erased from his wealth on that disappointing occasion.
Enjoyed reading our story? Download BRIEFLY's news app on Google Play now and stay up-to-date with major South African news!