The state of business declined amid weak economic statistics of China, falling oil prices and the largest collapse of the U.S. stock market, says Bloomberg Business.
MOSCOW, 9 Jan. The top 400 richest people in the world according to the billionaires Index of Bloomberg Agency has lost about $194 billion during the first trading week of 2016.
Portal Blommberg Business notes that businesses were losing revenue due to weak economic statistics of China, falling oil prices and the largest collapse of the U.S. stock market.
So, a long time leader list, one of the founders of Microsoft, bill gates, lost $4.5 billion (minus 5.4%), and the second number of the rating, the founder of Inditex (a major chain of clothing stores, including the brands Zara, Massimo Dutti) Amancio Ortega has lost $3.4 billion (minus 4.7 per cent). The condition of the Mexican Carlos slim, who owns the largest telecommunications networks decreased by 10.8%.
“According to the index, the billionaires in the amount of lost 4.9% of the total state defendants in the list, and they are doing better than global equity markets — MSCI ACWI index showed the decline in the global securities markets by 6.2% over the week” — the newspaper notes.