C-Suite Lifestyle

From Bezos to Gates, Arnault to Buffett, the plunging net worths of the world’s richest

It was a sad week for the world’s wealthiest people. The world’s 500 wealthiest collectively lost $331 billion on Thursday, March 12, 2020. And the world’s top twenty wealthiest people lost just over $78 billion combined. That pushed the Bloomberg Billionaires group’s year-to-date losses to $950 billion.

From Tokyo to Shanghai, Mumbai to New York, or Hong Kong to London, the losses are unprecedented for the world’s richest. Bernard Arnault, chairman, and CEO of French luxury conglomerate LVMH, saw his net worth drop by $89.54. Close behind was Jeff Bezos, whose net worth declined by $8.14 billion.

Jeff Bezos, the world’s richest person, finished the day with $105 billion, after Amazon shares fell by nearly 8 percent, shedding more than 7 percent of his net worth. Bill Gates lost $6.98 billion.

One of the people for who this has been a devastating week was the second-richest person in the world, Bill Gates. The mega-billionaire lost $6.98 billion on Thursday.

While Mark Zuckerberg, the Chief Executive Officer and Co-founder of Facebook Inc, experienced a $5.89 billion decline to $59.5 billion. His year-to-date loss increased to $18.9 billion.

The total net worth of Larry Page, Google Inc co-founder, plunged by $4.34 billion on Thursday to $54.6 billion. Warren Buffet’s total net worth also took a hit to $70.2 billion, down by $6.77 billion.

THE TOP 10 Billionaire Losers:
You’ll never guess how much money worlds richest lost on Thursday, March 12, 2020

  1. Bernard Arnault, France
    Loss: -$9.54 billion
    Total net worth: $68.4 billion
  2. Jeff Bezos, US
    Loss: -$8.14 billion
    Total net worth: $105 billion
  3. Bill Gates, US
    Loss: -$6.98 billion
    Total net worth: $98 billion
  4. Warren Buffett, US
    Loss: -$6.77 billion
    Total net worth: $70.2 billion
  5. Amancio Ortega, Spain
    Loss: -$6.18 billion
    Total net worth: $52.1 billion
  6. Mark Zuckerberg, US
    Loss: -$5.89 billion
    Total net worth: $59.5 billion
  7. Steve Ballmer, US
    Loss: -$4.81 billion
    Total net worth: $51.7 billion
  8. Larry Ellison, US
    Loss: -$4.77 billion
    Total net worth: $47.1 billion
  9. Larry Page, US
    Loss: -$4.34 billion
    Total net worth: $54.6 billion
  10. Carlos Slim, Mexico
    Loss: -$.28 billion
    Total net worth: $46.4 billion

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Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is a media and technology executive, macro-economist, strategic thinker, chair, and chief executive officer of the CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Under Dr. Amarendra's leadership, CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders daily. Additionally, he serves as the chair and founding member of the CEOWORLD magazine’s Inclusion Advisory Board.

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