Rout Lops $139 Billion From World’s Top Fortunes, Led by Arnault

The world’s 500 richest people lost a combined $139 billion Monday as markets buckled amid fears that the coronavirus will hammer the global economy.

It’s the biggest wealth drop for the group since the Bloomberg Billionaires Index began tracking that figure in October 2016. The S&P 500 and Dow Jones Industrial Average each dropped more than 3% on the day, the most in more than two years, as authorities struggled to contain the virus.

Source: Bloombergquint