- Stock markets fall worldwide due to trade war between US-China
- Jeff Bezos has the biggest loss of Rs 24,010 crores
- Mukesh Ambani suffered a loss of Rs 16800 crores, net worth of Bill Gates reduced to Rs 14070 crores
Aug 06, 2019, 03:45 PM IST
New York. Due to the increased trade war between US-China, the stock market in the world, including the US, has seen a major fall on Monday. According to the Bloomberg Billionaire Index, the total net worth of 500 billion people in the world decreased by 117 billion dollars (8.19 lakh crores). Mukesh Ambani suffered a loss of $ 2.4 billion (Rs 16,800 crore). Amazon CEO Jeff Bezos loses most of the Rs 24,010 crores. Yet they are the richest in the world, with net worth of $ 110 billion (Rs 7.70 lakh crore).
World's top-5 rich
|Name / Company / Country||Networth (Rupees)||Networth (dollar)|
|Jeff Bezos, Amazon (US)||7.70 lacs||110 billion|
|Bill Gates, Microsoft (US)||7.28 lakh crore||104 billion|
|Bernard Arnalt, LVMH (France)||6.62 lakhs||94.6 billion|
|Warren Buffett, Berkshire Hathaway (US)||5.48 lakh crore||78.3 billion|
|Mark Zuckerberg, Facebook (US)||4.98 lakh crore||71.1 billion|
Mukesh Ambani at number 18 in Bilenier Index
The value of shares of 21 billionaires in the Bloomberg Billionaire index decreased from $ 1 billion to $ 3.4 billion on Monday. The Billionaire index updates the net worth of 500 billionaires in the world after the American stock market closes every day. In this index, Mukesh Ambani, Reliance Industries chairman, is at 18th position. His current net worth is $ 44.8 billion (Rs 3.14 lakh crore). They are the richest of Asia.
US-China dispute may not be resolved soon
US President Donald Trump had said last week that it will charge 10% on the 300 billion dollar Chinese import from September 1. It has been affected on the stock markets worldwide on Monday. Trade war is going on between US-China from March last year. However, negotiations are still going on to resolve the dispute, but Trump says that China is not showing up fast. In such a situation, there is little hope of having a deal soon.