Bigger India
World’s richest lost $436 billion in 2 months; here’s how much Mukesh Ambani and other Indians lost
According to Bloomberg Billionaires Index, the combined net worth o the wealthiest 500 fell $181 billion this week as the S&P 500 Index and Dow Jones Industrial Average suffered their steepest weekly drop in more than two years. While World's richest 500 lost $436 billion, here's how much Indians lost.
In the last two months, massive sell-offs fearing interest rate hike by the United States Federal Reserve tanked market and subsequently, world’s richest persons lost — the 500 wealthiest people on the planet — lost a total $436 billion in past two months since January 26. According to Bloomberg Billionaires Index, the combined net worth of the wealthiest 500 fell $181 billion this week as the S&P 500 Index and Dow Jones Industrial Average suffered their steepest weekly drop in more than two years, amid heated rhetoric over tariffs and retaliation.
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