See how much each of America’s ten richest people lost in stocks yesterday due to coronavirus surge
Ten of America’s richest people are reported to have lost a combined $14.7 billion as the US stock market plunged due to uncertainties resulting from a surge in coronavirus cases. Cases of coronavirus have spiraled to record levels in America with more than 83,000 cases for two days in a row raising fears and uncertainty amongst both domestic and international investors.
Facebook CEO, Mark Zuckerberg is the most affected with a 2.7% drop in stocks. The Facebook billionaire has lost $2.8 billion of his fortune, leading to a net worth drop to $101.8 billion
Amazon Founder and CEO, the world’s richest person, Jeff Bezos, gained $159 million, raising his net worth to $188.8 billion. Bezos owns just over an 11% stake in Amazon, shares of which finished slightly higher on Monday despite the wider market sell-off.
Microsoft co-founder and third richest person in the world, Bill Gates, also witnessed a decline in his fortune to $115.2 billion after losing $1.7 billion—he owns an estimated 1% of shares after giving away most of his stake in Microsoft, which took a hit as the stock fell 2.8% on Monday.
Steve Ballmer, also a former Microsoft executive, became $1.7 billion poorer on Monday, with his net worth falling to $71.8 billion during the market sell-off. He owns an estimated 3.5% stake in Microsoft.
Tesla’s Elon Musk, also, lost just $66 million, lowering his net worth to $93 billion. He owns a 21% stake in the electric-vehicle maker, which has witnessed a fall in stocks of up to 2.5% before recovering late in the day.
Famous investor Warren Buffett has also seen his fortune go down. One of his many stocks, Berkshire was down 2.1%, shaving $1.5 billion off of his net worth, which is now $78.9 billion.
Chief technology officer and co-founder of software giant Oracle, Larry Ellison is also poorer after losing 4% of his stocks. Ellison’s net worth is now $76.1 after losing $2.6 billion.
Larry Page and Sergey Brin who Co-founded google have lost $2 billion and $1.9 billion, respectively, as Google’s stock fell by nearly 3%. Page has a $70.6 billion fortune, while Brin is worth $68.7 billion.
The final person is Alice Walton of Walmart who’s stock fell 1.2% and now has $66.7 billion after losing $635 million of her fortune.