12:50 Jun. 26, 2016
Bill Gates among those who lost more than USD 1 billion
The world's 400 richest people lost USD 127.4 billion Friday (June 24) as global equity markets reeled from the news that British voters elected to leave the European Union.
The billionaires lost 3.2 percent of their total net worth, bringing the combined sum to USD 3.9 trillion, according to the Bloomberg Billionaires Index.
The biggest decline belonged to Europe's richest person, Amancio Ortega, who lost more than USD 6 billion, while nine others dropped more than USD 1 billion, including Bill Gates, Jeff Bezos and Gerald Cavendish Grosvenor, the wealthiest person in the U.K.
Britain's 15 wealthiest citizens had USD 5.5 billion erased from their collective fortune Friday after the country voted to leave the European Union. Britain's richest person, Gerald Grosvenor, led the decline with a loss of USD 1 billion, according to the Bloomberg Billionaires Index.
He was followed by Topshop owner Philip Green, fellow land baron Charles Cadogan and Bruno Schroder, majority shareholder of money manager Schroders Plc.