INSUBCONTINENT EXCLUSIVE:
richest people collectively lost $331 billion on Thursday, the biggest one-day drop in the eight-year history of the Bloomberg Billionaires
Those gains were obliterated over the past four days as pandemic fears and plunging oil prices sent markets into a nosedive.
Since the first
Doraine, president of Doraine Insurance Group and a former wealth manager
jets, canceled charity galas and an exodus to secluded second homes
Global measures to limit the spread of Covid-19 have introduced restrictions rarely experienced by a globe-trotting elite for whom access
and services are seldom constrained
contributing to a further slide in stocks and trimming the wealth of some of his major supporters.
Oklahoma fracking mogul Harold Hamm
dropped off the index Monday after losing almost half his net worth, squeezed by the tumbling price of oil
year as gaming floors emptied and trade shows were canceled
The company announced it was suspending all voyages by its Princess Cruises line for two months.
Individuals higher up the ranks sustained
staggering one-day losses
by plunging stock prices and a weakening real
Guilherme Benchimol, founder of XP Inc., ceased to be a billionaire after shares of the Sao Paulo-based brokerage fell 34% below its