he world’s five richest people lost $8.7 billion Monday
in a global stock selloff sparked by weak factory data in China and a flareup
in tensions between Saudi Arabia and Iran.
Amazon.com Inc. founder Jeff Bezos led decliners on the
Bloomberg Billionaires Index in the first trading day of 2016, losing $3.7
billion as the world’s largest online retailer fell 5.8 percent. His net worth
is now $56 billion. Spain’s Amancio Ortega dropped $2.5 billion to $70.4 billion
as his Inditex SA, the biggest fashion retailer, fell 3.5 percent. Berkshire
Hathaway Inc.
Chief Executive Officer Warren Buffett, Mexico’s Carlos Slim and
Microsoft Corp. co-founder Bill Gates, the richest person on the planet, lost a
combined $2.5 billion.
The biggest gainer was activist investor Carl Icahn,
whose net worth climbed $210.4 million to $20.1 billion. The Bloomberg index is
a daily ranking of the world’s 400 richest people, who lost a combined $82.4
billion for the day.
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