We are already accustomed to the idea that we live in a world full of social injustice, inequality and increasing poverty. In this world, every day the rich get richer and the poor even poorer. The richest people in the world can instantly make a fortune of a few additional billions, but they can also lose this money just as quickly.
15 billion per day
In July 2018, Facebook presented its next quarterly earnings report. Unfortunately, the data were not too optimistic, and investors began to massively sell the company's shares. As a result, the decline reached 19% in one day, and Mark Zuckerberg’s personal fortune decreased by $ 15 billion.
Jeff Bezos Losses
October 24, 2018 was a difficult day for all world markets. On this day, Jeff Bezos, the owner of Amazon and the richest man on the planet, lost eight billion dollars in a few hours. However, despite this, his fortune in the same year reached $ 135 billion.
Warren Buffett is considered one of the most successful US entrepreneurs and the most successful stock trader. However, he was not fortunate enough to lose $ 4.5 billion in one day in 2018.
Throughout October 2018, falling markets frantically beat the wallets of technology company owners. Sergey Brin with his GOOGLE was no exception, having lost on October 24 a billion and a hundred million dollars.
Falling stock prices Alphabet, Inc hit not only Brin, but also on his colleague Larry Page, who on the same day lost $ 1.2 billion.
The Walton Family
This family can be considered truly legendary for American business history, because they founded the world-famous Walmart supermarket chain. In February 2018, a powerful blow was dealt to the family fund of this family, as a result of which entrepreneurs lost $ 14.5 billion.
Jack Ma is one of the most famous Chinese businessmen who managed to build a real empire. However, in June of the same 2018, his company Alibaba fell significantly and in a few hours the billionaire lost almost two billion dollars.
Steve Ballme suffered his losses due to the fall in the stock market of technology giants. Then Microsoft fell in price by 5.3%, and the personal fortune of one of the co-owners of the legendary company decreased by $ 1.9 billion.
Phil Knight is known as one of the founders of Nike. In 2018, the shoe market also had a hard time, as a result of which his company's shares fell in price by 6.8%, and Knight himself lost $ 115 million.
Shares of technology company Oracle plummeted March 20, 2018. Due to the fall in the market, its founder Larry Ellison became poorer by $ 5.5 billion.