World's 10 Richest Lose $172B
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•Business
Business & Economics
The world's 10 richest people lost $172 billion in 3 days as stocks crashed
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The world's 10 richest people had a combined $172 billion wiped off their fortunes during the stock market's three-day rout, the Bloomberg Billionaires Index shows.
Elon Musk alone has shed $135 billion , bringing the Tesla and SpaceX CEO's net worth below $300 billion for the first time in five months .
The only top 10 member in the green this year is Warren Buffett , the legendary investor who leads Berkshire Hathaway.
Sergey Brin is the cofounder of Google and played a key role in developing its early search algorithms.
He remains one of the company's largest individual shareholders with an estimated 4% stake.
Outside Microsoft , Ballmer also owns the Los Angeles Clippers , an NBA team he purchased in 2014 for $2 billion .
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