Microsoft Corp co - founder, Bill Gates, was among the world’s five richest people who on Monday, 4th January, 2015, suffered losses in a global stock selloff sparked by weak factory data in China and a flareup in tensions between Saudi Arabia and Iran.
With a current net worth of $56 billion, after losing $3.7 billion as the world’s largest online retailer fell 5.8 percent, Amazon .com Inc. founder Jeff Bezos led decliners on the Bloomberg Billionaires Index in the first trading day of 2016.
Amancio Ortega dropped from $2.5 billion to $70.4 billion the biggest fashion retailer, Inditex SA, 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.
Despite the huge loses, the biggest gainer was Carl Icahn, an activist investor whose net worth climbed $210.4 million to $20.1 billion.
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