New Delhi: A plunge in US
stocks on Monday cut the fortunes of the world’s 500 richest people by $114
billion as the optimism over tax cuts that fuelled January’s gains gave way to
worries about inflation, according to report by Bloomberg.
Berkshire Hathaway Inc. Chairman Warren Buffett, the world’s third-richest
person, was hit the hardest, losing $5.1 billion, according to the Bloomberg
Billionaires Index.
Even Amazon.com Inc. chief executive officer Jeff Bezos, the world’s
richest person, wasn’t immune to the carnage. His fortune slipped $3.3 billion
to $116.4 billion as shares of the retail behemoth fell 2.8%. Alphabet Inc.’s
Larry Page and Sergey Brin each took hits of about $2.3 billion.
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