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The world's rich are losing $ 107 billion a week
The world's wealthiest 500 richest people over $ 107 billion last week, with notable stock market losses.
According to Bloomberg, the biggest loss to the US was $ 34 billion, while China's wealth was $ 16 billion.
Mark Zuckerberg, co-founder of social networking site Facebook, was the top loser for $ 3.2 billion.
The global markets witnessed significant losses last week, with the Federal Reserve Chairman's comments on the possibility of raising interest rates this year by 4 increases and fears of protectionist tariffs on imports of steel and aluminum by the US administration.
The Dow Jones lost 770 points last week, or 3 percent.
Warren Buffett, the founder of Berkshire Hathaway, said on Thursday that he would spend $ 2.28 billion on a total decline of $ 86.7 billion.
http://economy-news.net/content.php?id=11355
The world's wealthiest 500 richest people over $ 107 billion last week, with notable stock market losses.
According to Bloomberg, the biggest loss to the US was $ 34 billion, while China's wealth was $ 16 billion.
Mark Zuckerberg, co-founder of social networking site Facebook, was the top loser for $ 3.2 billion.
The global markets witnessed significant losses last week, with the Federal Reserve Chairman's comments on the possibility of raising interest rates this year by 4 increases and fears of protectionist tariffs on imports of steel and aluminum by the US administration.
The Dow Jones lost 770 points last week, or 3 percent.
Warren Buffett, the founder of Berkshire Hathaway, said on Thursday that he would spend $ 2.28 billion on a total decline of $ 86.7 billion.
http://economy-news.net/content.php?id=11355
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