NEW YORK: Last week was an expensive one for most investors, even for billionaires.
The combined fortunes of the world’s 500 richest people fell by $444 billion as the coronavirus continued to spread — and spread fear — rattling equity markets worldwide. The Dow Jones Industrial Average tumbled more than 12%, the biggest five-day slide since the depths of the 2008 financial crisis, in a rout that vaporised more than $6 trillion from global stocks.
The drubbing more than erased the $78 billion in gains that the 500
Coronavirus: World’s richest lose $444 billion after hellish week for markets
Byindianadmin
Mar 1, 2020