Global markets dropped sharply Wednesday, leading to a $99 billion loss for the world’s 500 wealthiest people.
A report from Bloomberg.com noted that Amazon founder Jeff Bezos lost the most at $9.1 billion. His net worth is now $145.2 billion, as Amazon’s stock was hit hard during the Wednesday plunge.
According to Bloomberg, the losses were “equally distributed across sectors,” though American billionaires were hit hardest with $54.5 billion in losses.
The swings continued Thursday, as the Dow rose and plunged throughout the day. As of 12:40 p.m., it was down 107 points.