World’s Richest Who Lost Money Due to Brexit Still Billionaires
Having a billion dollars seems pretty good, but losing billions of dollars and still having billions of dollars left over is still preferable.
Bloomberg reported on Friday that the 400 richest people in the world lost $127.4 billion the day after Britain voted to leave the European Union, or “Brexit” as the kids who didn’t vote for it are calling it. The billionaires’ losses are helpfully documented in a Bloomberg line graph titled “World’s Richest Crushed.”
The wealth of the wealthiest is now in the gutter at a mere $3.9 trillion combined net worth.
If you look at the 10 richest in in the world, the situation is even more dire, with a combined loss of $21 billion. U.S. stocks were down by more than three percent on Friday.
But not all billionaires are holding funerals for their money—in fact some are profiting hugely off Brexit. Like George Soros, whom New York Magazine reports, “looks set to make another windfall similar to that which earned him his reputation in 1992.” Someone give that man a bonus.