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World’s 500 Wealthiest People Lose US$35 Billion Due To Trump Tumult

Published on 19 May 2017

The 500 richest individuals in the world collectively lost US$35 billion yesterday when global stock indexes plummeted in response to the ongoing political turmoil in Washington, according to Bloomberg.

Microsoft co-founder Bill Gates, the world’s wealthiest person with a net worth of US$86.8 billion, saw his fortune fall by US$1 billion when shares in the software giant dropped by 2.8%.

Facebook founder Mark Zuckerberg took the biggest hit, losing US$2 billion when the social media company’s stock plunged 3.3%. His net worth stood at US$62.3 billion after the loss, putting him in fifth place on the list of the world’s richest individuals.

Read the original story here.

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