US Billionaire Stockholdings Lost More Than $17B In Thursday Market Rout
International Business Times
Published Aug 01, 2014 09:30AM ET
Updated Aug 01, 2014 09:45AM ET
US Billionaire Stockholdings Lost More Than $17B In Thursday Market Rout
By Greg Morcroft - 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 wealthies Americans lost $17.2 billion of noiminal 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
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Written By: International Business Times
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