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Home Wealth & Lifestyle Billionaire Watch

Top 5 billionaires lost $8 billion in a day

Olumide AdesinabyOlumide Adesina
2 years ago
in Billionaire Watch, Spotlight
Wealth of world’s billionaires hits $10.2 trillion
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The top 5 billionaires on planet earth had an unimpressive showing at the most recent trading session.

The top 5 billionaires most recent daily loss stood at $7.754 billion

Elon Musk

The world’s richest person printed the highest wealth loss for the day as Elon’s wealth dropped by $4.28 billion. His wealth is now estimated to be worth $197 billion.

Tesla suffered significant losses at Friday’s trading session, on recent reports revealing its Model 3 is now only the fourth-best selling pure electric vehicle (EV) in Europe.

READ: Elon Musk’s wealth jumps in 2021, more than top 5 billionaires combined

Investors got alarmed that Tesla got outpaced by Renault and Volkswagen in an important car market like Europe.

  • Elon Musk, who a few weeks ago, surpassed Jeff Bezos to become the world’s richest person, is now the first person in modern history to ever surpass a wealth valuation of over $200 billion.
  • However, for the long term, Stock experts anticipate that a Democratic-controlled U.S Senate is bullish for Tesla, on the bias that there would be more pro-renewable investments, at least for the next few years.

Jeff Bezos

Jeff Bezos, the current CEO, and founder of Amazon is presently valued at about $182 billion, printing a wealth drop of $1.26 billion for the day.

  • Investors went short on the trillion-dollar valued company at its most recent trading session, taking into consideration that the tech company had become too powerful, particularly when Amazon dropped Parler, a social network that gained President Trump’s die-hard supporters after Twitter suspended his account.

READ: 5 habits of Nigeria’s business billionaires you should emulate

Bill Gates

In the third position is another popular tech genius, Bill Gates, the founder of the most valuable software company, Microsoft.

For many years, Gates had been the world’s richest man. He now has a wealth fortune of $132 billion, as recent data revealed it dropped by $814 million for the day.

READ: World richest man, Jeff Bezos holds 5% of his wealth in cash

Bernard Arnault

Europe’s top entrepreneur and French celebrated fashion icon, Bernard Arnault, is fourth on the list with a fortune now estimated to be around $109 billion, with its most recent drop by $3.55 billion.

  • He is the only billionaire on the top 5 that isn’t from the tech ecosystem.
  • Most of his wealth comes from his controlling stake of LVMH, controlled through his holding known as Christian Dior.

READ: Billionaires worth over $100 billion made $270 billion in 2020

Mark Zuckerberg

Facebook’s founder, Mark Zuckerberg is fifth on the list, with a fortune estimated to now be valued at $95 billion, on the account, he was the only billionaire in the top 5 list that had a wealth gain for the day.

  • His most recent wealth daily gain stood at $2.15 billion amid an era of reports revealing global investors are weighing significantly on Facebook amid antitrust and privacy concerns.

READ: Facebook founder, Mark Zuckerberg, worth $104 billion keeps $2.3 billion in cash

Bottom line

The top 5 billionaires, as a group, infamously did not do well at the last trading session of the week amid an era showing the U.S dollar rebounded strongly.

Growing concerns that the leading global technology brands have grown too powerful has led some investors to trim their bullish bets cumulatively on the top 5 billionaires’ businesses.

Related

Tags: Bernard ArnaultBill GatesBusiness NewsElon MuskJeff BezosMark Zuckerberg

Comments 2

  1. Abayomi Sarafa says:
    January 17, 2021 at 11:30 pm

    i will like to communicate with you

    Reply
  2. anodebenze says:
    March 18, 2021 at 6:14 pm

    young man,why are you writing this way,they used to say bill gates is the richest man in our planet,now they are saying mr bezo is the richest man in our planet at 200 billions dollar,now what is your audience ?what is your motive ?.I think this what is going in your mind,what is the f–k is this ? how did we got to this stage ?.
    You do a little research,once you do this you find,this is nonsence.you journalists you do you report,as a layman,you find this news shit,since 2008,the americans have been subsidizing their economy,to stay afloat,an estimated 30 trillion have been done so far.e.g(!) near zero bank interest(2)Their fed reserve board have been buying company secured or unsecure debt(3)tax cuts (4)two third of American national annul budget is in deficit (5)extraordinary economic stimulus,i can go on and on.
    Now you find,what is making Mr bazo is rich,or mr musk,easy money,and this is what is fueling American stock market,so sooner or later,they may weep later,a correction is waiting.IN MY TEEN THERE IS AN AMERICAN NOVEL BY JAMES HADLEY CHASE “EASY COME,EASY DO.what a man sows he reap.there is a legal terms amongst lawyer “buyers beware “

    Reply

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