scorecardJeff Bezos' net worth plunged by $3.4 billion in Monday's stock rout - and the rest of the world's super rich lost $117 billion
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Jeff Bezos' net worth plunged by $3.4 billion in Monday's stock rout - and the rest of the world's super rich lost $117 billion

Jeff Bezos' net worth plunged by $3.4 billion in Monday's stock rout - and the rest of the world's super rich lost $117 billion
IndiaSmallbusiness1 min read
Jeff Bezos    REUTERS/Clodagh Kilcoyne

  • 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.
  • View Markets Insider for more stories.

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.

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