Koch Brothers, Walton Heirs, Warren Buffett, Bill Gates and Other US Billionaires Lost More Than $17B In Thursday Stock Market Rout
The U.S. stock market had its worst day in months on Thursday, falling more than 300 points and wiping out all of the month's previous gains. U.S. billionaires also felt the pain, and according to calculations by Bloomberg News, the wealthiest Americans lost $17.2 billion of nominal wealth when the dust had settled.
Here, according to Bloomberg, is how some of the wealthy fared.
Bill Gates lost $1 billion.
Warren Buffett lost $1.2 billion
Charles Koch lost $682 million
David Koch lost $682 million
Larry Ellison lost $660 million
Christy Walton lost $604 million
Jim Walton lost $537 million
To read more about American billionaires' losses, click here.
© Copyright IBTimes 2024. All rights reserved.
Join the Discussion
Editor's pick