Looking at the continued raging of corona virus, the US stock market witnessed a historic Monday – causing the world's richest people to suffer great losses.
On March 9, US stocks experienced another gloomy day, when major stock indices such as the S&P 500 and Dow Jones fell by more than 7%. This move coincides with a bloodbath in the cryptocurrency market, with Bitcoin (BTC) losing nearly 10% of its value on the day. According to some reports, Monday, March 9 has become the worst day for US stocks since 2008.
Bernard Arnault suffered the biggest loss of the day with $ 6 billion
Called “Black Monday,” this historic day has cost billions of dollars to some of the world's wealthiest people, according to Forbes. reporting on March 9. According to Forbes calculations based on proprietary asset tracking, the top 10 largest billionaires have lost a total of $ 37.7 billion due to the stock market crash.
Thereby, Bernard Arnault – the third richest person in the world, is said to suffer the largest loss in the top 10, losing $ 6 billion in the day. Jeff Bezos – the richest billionaire in the world, with a net worth of $ 114 billion, witnessed his fortune evaporate $ 5.6 billion when the market on Monday closed. Meanwhile, famous investor and Bitcoin aversion Warren Buffett lost $ 5.4 billion on the same day, according to Forbes.
Facebook's Mark Zuckerberg flies more than 4 billion
The historic market crash did not overlook Facebook CEO and co-founder Mark Zuckerberg – the world's sixth richest person on Forbes list. The famous tech entrepreneur, who is supporting the controversial digital currency project Libra, lost $ 4.2 billion due to market turmoil on Monday.
On the other hand, in the top 10 still a billionaire did not suffer any losses on a dark Monday, according to Forbes. Michael Bloomberg – a presidential candidate and famous for a positive stance on blockchain technology, has become the only one of the 10 richest people in the world to recognize the stability of the assets of yourself on monday. His wealth did not fluctuate during the plunge because his company, Bloomberg, is a privately held company that does not trade in the market.
While the world's top 10 billionaires have lost about US $ 38 billion in a day, global tech giants like Apple have suffered more than that. According to CNBC's report, the five most valuable technology companies including Apple, Microsoft, Facebook, Amazon and Alphabet evaporated a total of 321.6 billion USD, of which Apple alone accounted for nearly 100 billion USD.
As Toiyeubitcoin previously reported, Changpeng Zhao – CEO of Binance, surpassed the co-founder of cryptocurrency mining giant Bitmain on the annual rankings of the world's richest billionaires due to the traditional channel. China Hurun Report published.
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According to CoinTelegraph
Translated by ToiYeuBitcoin