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World's richest lose $47b with market drop overnight

SMH |  17 May 2017  |  Investing


The world's richest people lost $US35 billion ($47 billion) when global equity markets were rocked overnight by political turmoil in the US, according to the Bloomberg Billionaires Index.

Bill Gates, the world's richest person with $US86.8 billion, lost $US1 billion as shares of Microsoft, his largest holding, tumbled 2.8 per cent, the most in almost a year.

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Read More: http://www.smh.com.au/business/markets/worlds-richest-lose-47b-as-markets-drop-on-donald-trumps-troubles-20170517-gw7fau.html

 

 

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