The panic that gripped the stock markets also affected the wealth of some of the most powerful businessmen and entrepreneurs.
Yesterday, the shares of the five largest technology companies in the United States fell by a total of more than $ 320 billion, markets fell sharply and oil fell by as much as 25%.
These declines, of course, led to declines in the assets of some of the biggest businessmen. But they raised others to new heights
Asia has a new wealth leader in the face of the founder of the giant Tencent Ma Huateng (Pony Ma), who overtook the Indian billionaire Mukesh Ambani, whose fortune fell dramatically due to lower oil prices. Ambani lost about $ 5.6 billion to Amazon owner Jeff Bezos.
Alibaba founder Jack Ma also approached Ambani.
However, all three suffered heavy losses over the past day. Ma Huateng lost about $ 1.3 billion and Jack Ma lost about $ 860 million. Thus, the three richest people in Asia rank one after the other in the Forbes rankings, Real-time Billionaires – 19th – Pony Ma, 20th – Mukesh Ambani, and Jack Ma in 21st place.
Facebook founder and CEO Mark Zuckerberg lost about $ 4.2 billion and Omaha Oracle Warren Buffett lost about $ 5.4 billion.
The big declines in stocks and oil prices are not just a minus, and some have amassed considerable wealth. According to Forbes, the biggest winners are Suleiman Kerimov and his family, who own 79% of one of Russia’s largest gold mining companies, Polyus. He is currently the 257th richest man in the world with a fortune of about $ 13.5 billion as of March 10.
Another Russian, Vladimir Potanin, also won. He holds a large stake in the nickel and palladium mining company Norilsk Nickel. We remind you that since the end of last year the price of palladium has been going up. In early 2020, it was about $ 1,929 an ounce, while it is now about $ 2,500. Potanin is the 58th richest man in the world with a fortune of $ 27.3 billion as of March 10, 2020.
Frenchman Bernard Arnault, chairman of luxury goods giant LVMH, has the biggest loss in Europe at $ 4.4 billion.
The world’s 500 richest people lost a total of $ 238.5 billion on Monday. This is the biggest daily decline since October 2016. More than half a trillion dollars have been erased from the combined wealth of the first 500 so far in 2020.
The only one of the top 10 richest people who did not suffer any losses yesterday is Michael Bloomberg, according to Forbes statistics.
