- Prison Planet.com - https://www.prisonplanet.com -

Jeff Bezos’s Fortune Just Dropped $9.1 Billion

Bloomberg [1]
October 11, 2018

Plunging global markets lopped $99 billion from the fortunes of the world’s 500 wealthiest people on Wednesday, the year’s second-steepest one-day drop for the Bloomberg Billionaires Index.

Amazon.com Inc. founder Jeff Bezos lost $9.1 billion, the most of anyone on the index, as shares of the online retailer fell the most in more than two years. The plunge lowered Bezos’s net worth to $145.2 billion, its lowest since July.

The fortune of Europe’s wealthiest person, Bernard Arnault, tumbled $4.5 billion to $66.9 billion as shares of his luxury empire LVMH fell after the company confirmed [2] China was tightening border checks. Arnault saw more than half of his gains for the year erased. The French tycoon lost [3] $3.5 billion on Friday as rumors began to circulate on social media about the stepped-up border checks, which are intended to curb unauthorized imports of items like Louis Vuitton handbags and Berluti boots.

Read more [1]