NEW YORK (BLOOMBERG) - The world's five richest people lost US$8.7 billion (S$12.4 billion) on Monday (Jan 4) in a global stock sell-off sparked by weak factory data in China and a flare-up in tensions between Saudi Arabia and Iran.
Amazon.com Inc. founder Jeff Bezos led decliners on the Bloomberg Billionaires Index in the first trading day of 2016, losing US$3.7 billion as the world's largest online retailer fell 5.8 per cent. His net worth is now US$56 billion.
Spain's Amancio Ortega dropped US$2.5 billion to US$70.4 billion as his Inditex SA, the biggest fashion retailer, fell 3.5 per cent.
Berkshire Hathaway chief executive officer Warren Buffett, Mexico's Carlos Slim and Microsoft co-founder Bill Gates, the richest person on the planet, lost a combined US$2.5 billion.
|Billionaire*||Daily Change||Net Worth||2015 Change|
|Jeff Bezos||-$3.7 billion||$56 billion||+$31 billion|
|Armancio Ortega||-$2.5 billion||$70.4 billion||+11.8 billion|
|Warren Buffet||-$870 million||$61.4 billion||-$11.5 billion|
|Carlos Slim||-$868 million||$51.4 billion||-$20.3 billion|
|Bill Gates||-$739 million||$83 billion||-$2.8 billion|
The biggest gainer was activist investor Carl Icahn, whose net worth climbed US$210.4 million to US$20.1 billion.
The Bloomberg index is a daily ranking of the world's 400 richest people, who lost a combined US$82.4 billion for the day.