Home » Markets » Jeff Bezos, other billionaires lose $30B in Monday market drop
Jeff Bezos, other billionaires lose $30B in Monday market drop
Wall Street factoring in coronavirus casualty rates: Gasparino
FOX Business’ Charlie Gaspariono discusses Wall Street’s reaction to coronavirus and China’s reaction to the disease frightening markets as well as the products coming before the FDA as possible cures for the illness.
The world's wealthiest individuals saw their wealth plummet Monday as stocks around the world fell on worries that a new type of virus in China may ultimately hit profits for companies from Wuhan to Washington.
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On Monday, 10 of the wealthiest people in the world lost $30 billion collectively, with the Amazon founder and Washington Post owner taking a nearly $5 billion loss, according to Forbes, which tracks the daily ups and downs of the world's richest people.
In one day's worth of trading, Jeff Bezos, currently deemed the richest person in the world, saw his net worth dwindle $4.8 billion as shares of the tech giant dipped roughly four percent. He is now valued at about $123 billion, according to estimates.