World richest man Bill Gate & Mark Zuckerberg lose $3.4 billion

Apart from the anxiety some of the European dwellers in the UK,confused about the Brexit, Bill Gates & Mark Zuckerberg, co-founder of Facebook, have lost $3.4 billion to the decision of the UK voters to leave the European Union.

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According to Bloomberg Billionaires ranking, both men were the worst-hit billionaires in the United States, losing $1.8 billion and $1.6 billion respectively. In context, the amount lost by Gates is more than the entire wealth of Nigeria’s richest woman, Folorunsho Alakija, who – according to Forbes – is worth $1.73 billion. Global markets erased another $69.2 billion from the combined net worth of the world’s 400 richest people on the first trading day of the week after the Brexit vote, bringing total loss to $196.2 billion in 48 hours.

The pain on Monday was felt most by Europe’s wealthiest, as 92 billionaires lost $29.4 billion, bringing their two-day decline to $81.7 billion. These 150 billionaires from the US and Canada lost $26.7 billion on Monday, and recorded a two-day total of $62.5 billion. China’s 26 billionaires lost $1 billion Monday, bringing their two-day total loss to $5 billion, with a 7.4 percent ($18.7 billion) decline in 2016. Georg Schaeffler, Germany’s third-richest person, fared the worst on the index Monday with $1.9 billion trimmed from his net worth. Amancio Ortega, a Spanish retailer, who is Europe’s richest person, lost $1.5 billion.