World's richest lose $195 bln in one day due to coronavirus

World's richest lose $195 bln in one day due to coronavirus

The world’s 500 richest people lost a combined $139 billion 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.

Bernard Arnault, chairman of luxury-goods maker LVMH, and Amazon.com Inc. founder Jeff Bezos led the declines, with each losing more than $4.8 billion. Amancio Ortega, chief executive officer of Zara parent Inditex SA, tumbled $4 billion.

The fortunes of everyone else in the top 10 slid by at least $2.3 billion, Bloomberg reported.

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