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How Trump’s Turmoil made World’s 500 Richest People Lose $35 Billion in 1 Day

 

According to Bloomberg Billionaires Index The World’s Richest People lost $35 Billion on Wednesday due to political turmoil in the U.S.

Here’s the roundup

Bill Gates, with a net worth of $86.8 billion, lost $1 billion as MSFT dropped 2.8 percent, the biggest drop in a year.

Next, we have AMZN co-founder Jeff Bezos, dropped to No.3 after AMZN shares tumbled 2.2 percent on Wednesday. Bezos is down about $1.7 billion.

 

Mark Zuckerberg, FB co-founder lost $2 billion in 1 day as shares of FB dropped 3.3 percent. Zuckerberg remains fifth place as the richest person on earth with a net worth of $62.3 billion.

As President Donald Trump’s ties to Russia and his firing of FBI Director James Comey surfaces, U.S stocks posted their steepest declines since September 2016.

Trump the first billionaire president with a net worth of $3 billion, does not have a spot on the Bloomberg Index (Bloomberg, 2017).

 

 

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