Saturday, August 22, 2015

The richest people in the world have lost $ 182 billion because of the collapse on the stock exchanges – RBC

Photo: Global Look Press

This week the 400 richest people in the world have lost $ 182 billion because of the collapse in world markets, reports Bloomberg. The total combined wealth of billionaires, according to the Bloomberg Billionaires Index, fell by 6,3%.

Only for Friday, August 21, representatives of the state on the list dropped $ 76 billion. This occurred against the backdrop of the largest four , the weakening of the major US stock indexes, Standard & amp; Poor’s 500 Index and Dow Jones.

«They [billionaires] is a small proportion, although $ 182 billion – a large sum,” – said John Collins, director of the consulting firm Aspiriant. “During these weeks, it really looks awful, but if you take a step back, in the long term picture is not as catastrophic,” – the analyst said.

In dollar terms the most to lose Warren Buffett. His condition for the week fell by $ 3.6 billion. Securities holding company Berkshire Hathaway, whose majority shareholder is billionaire dropped by 5%. According to Bloomberg, Buffett is in third place among the world’s richest with a fortune of $ 63.4 billion.

The drop in oil prices led to a reduction of $ 15.2 billion state entrepreneurs who do business in the energy sector. Head of Continental Resources Inc. Harold Hamm lost $ 895 million, or 9% of his fortune. This week, oil prices have demonstrated the longest decline since 1986 amid signs of a global glut of the market.

Start the “bear” cycle on the Hong Kong Stock Exchange and the weakening of the yen led to the fact that the 26 richest people in China have lost a week $ 18.8 billion. Of those hardest hit Wang Jianlin, president of Dalian Wanda Group, – it has lost $ 3.5 billion.

As noted by Bloomberg, 11 billionaires were able to increase the state, despite the crisis in the world markets. Most of all managed to earn a founder of Sun Pharmaceuticals Dilip Shangvi – its capital increased by $ 467 million, to $ 18.9 billion.

On Friday evening, all the major stock exchanges closed in the red. In the US, Dow Jones industrial average showed the biggest drop since 2011. Index S & amp; P 500 fell 3.19%, fell below 2000 points for the first time since February.

Experts attribute the decline of the market with a negative statistical data from China and the uncertainty about a possible rise in the base interest rate of the Federal Reserve System of the USA. It became known yesterday that the preliminary purchasing managers’ index (PMI) for the manufacturing sector in China, which shows business activity in the manufacturing sector fell to 47.1 points at the forecast of 47.7 points. In August, China’s manufacturing sector showed the highest rate of decline of activity in the last six and a half years.

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