Monday’s Wall Street crash wiped off the fortunes of the world’s 500 richest people by $114 billion, says a Bloomberg report.
Warren Buffett chairman of Berkshire Hathaway Inc.,and 3rd richest man in the world was hit the hardest, losing $5.1 billion, according to the Bloomberg Billionaires Index.
Berkshire is the biggest shareholder of Wells Fargo & Co., which plunged 9.2 percent, the most in the S&P 500. Warren Buffett, 87, was one of 18 billionaires in the ranking to lose more than $1 billion wealth on the day.
CEO Mark Zuckerberg of Facebook Inc. declined by $3.6 billion, the 2nd in biggest declining list.