Wolfs of Wall Street Lose $194,000,000,000 in 2016

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Translated by Ollie Richardson for Fort Russ

9th January, 2016


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The top 400 richest people in the world, according to the billionaires index of Bloomberg, have lost about $194 billion during the first week of trading of 2016.

The website Bloomberg Business notes that businesses were losing revenue due to weak economic statistics of China, falling oil prices and the largest collapse of the U.S. stock market.

On the long time leader list, one of the founders of Microsoft , Bill Gates, lost $4.5 billion (minus 5.4%), and the second largest loser, the founder of Inditex (a major chain of clothing stores, including the brands Zara, Massimo Dutti) Amancio Ortega has lost $3.4 billion (minus 4.7 per cent). The value of Mexican Carlos Slim, who owns the largest telecommunications networks, decreased by 10.8%.

“According to the index, the billionaires in their amounts lost accounted for 4.9% of the total state members in the list, and they are doing better than global equity markets, with the MSCI ACWI index showing the decline in the global securities markets by 6.2% over the week” — the newspaper notes.

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