Wednesday, February 27, 2019

BILLIONAIRES TAKE $1T HIT FROM 2018 MARKET

  BANGKOK (AP) — The stock market meltdowns in 2018 obliterated $1 trillion of the fortunes of the world's richest individuals, according to a list by wealth compiler Hurun Report.
   The report, China's version of the Forbes rich list, showed Chinese billionaires still outnumbered those from any other country as of Jan. 31, at 658. Several newly minted ones amassed wealth through big share offerings, while 212 Chinese tycoons lost their dollar billionaire status.
   The U.S. had 584 billionaires, followed by Germany with 117.

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