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  • World's richest suffer billion-dollar losses as market plunges

    From nzherald.co.nz

    Some of the world's richest people have had billions of dollars shaved off their fortunes after the Dow Jones industrial average took an ugly nosedive this morning. The Dow plunged 1,175.21 points, or 4.6 per cent, as stocks took their worst loss in six and a half years. Three of the top five richest people in the world - Warren Buffett, Mark Zuckerberg and Jeff Bezos - lost a combined US$12.1 billion ($16.6b) in a single day, according to Forbes. Berkshire Hathaway chairman and CEO Warren Buffett was hit the hardest. The drop shaved US$5.3b, or nearly 6 per cent, off his net worth. Berkshire Hathaway, which owns ... (full story)

OH no poor Zuckerberg finished the day with "0nly" US$73.1b and 5th in the world_
Jeezz man we talking about billion here uhmhm
The arriving better than the arrival, the journey has just started
meh,
they just buy the dip and keep chugging along...
Come with me if you want to live....
I'm also very concerned when I lose 5 billions of microcents.
(0.01/1000000) x 5,000,000,000.00 = $50.
Hey buddy, let's grab some Pips!
they sold their shares and fixed loses? Or it is condition of their porlfolio?
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In UK, the Resolution Foundation, a non-partisan think tank, has predicted that average earnings, when adjusted for inflation, are likely to stay below the level they hit before the global financial crisis until the start of 2025. The Institute for Fiscal Studies, a leading independent economic research institute, has given a similarly dire warning.
So, buy the deep with the reach one :-).
They are still rich even if they suffered billion dollar losses =)
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  • Story Stats
  • Posted: Feb 5, 2018 9:41pm
  • Submitted by:
     Newsstand
    Category: Entertainment News
    Comments: 7  /  Views: 3,203