Market Tumble Wipes Out Almost $100 Billion From World’s Richest

Swooning markets Thursday cost the world &#x 2019; s 500 wealthiest individuals $93 billion in net worth, and 20 of them lost a minimum of $1 billion each.

Jeff Bezos , the world &#x 2019; s wealthiest individual, saw his fortune come by $5.3 billion to $113.2 billion, inning accordance with the Bloomberg Billionaires Index , as his Amazon.com Inc. toppled 4.7 percent on the day. Berkshire Hathaway Inc. Chairman Warren Buffett &#x 2019; s wealth dropped $3.5 billion and Facebook Inc. &#x 2019; s Mark Zuckerberg lost $3.4 billion.

Battered Billionaires

These 5 billionaires lost a combined $16.3 billion on Thursday

Source: Bloomberg Billionaires Index

Elon Musk returned to Earth, dropping $1.1 billion in net worth after his Space Exploration Technologies Corp. effectively introduced a Tesla Inc. cars on a journey around the sun. Shares of Tesla, which he likewise leads, plunged 8.6 percent.

The Dow Jones Industrial Average and S&P 500 Index both toppled to their least expensive levels given that November as worries of increasing rate of interest and inflation magnified.

Read more: Stocks get in correction as rate-hike worries return

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