The World’s Richest People Lost Another $124 Billion on Monday
The global rout continues
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Another $124 billion was wiped off the collective fortunes of the world’s 400 richest people today as the global selloff pushed the Standard & Poor’s 500 Index into its first correction in nearly four years.
Twenty-four billionaires saw their wealth fall by more than ten figures on Monday, including Bill Gates who dropped $3.2 billion and Jeff Bezos, who fell $2.6 billion, according to data compiled by the Bloomberg Billionaires Index. Mexico's Carlos Slim lost $1.6 billion as his fortune fell to its lowest level since the Index began in 2012.