The Richest People In The World See Their Net Worths Drop, Thanks To Stock Market Turmoil

ByJoseph Gibsonon March 5, 2020inArticles›Billionaire News

The stock market , you might have heard, has seen better days lately, thanks in part to market concerns over the ongoing coronavirus crisis. And on paper at least, those that have seen the biggest craters in their net worths are those with the most money tied up in stocks – in other words, the richest people in the world. Both the the S&P 500 and Dow Jones Industrial Average have seen steep drops recently, including one of more than three percent each in a single trading day.

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Peter Macdiarmid/Getty Images

But as you can imagine, certain industries have been hit harder than others in the wake of coronavirus panic. Bloomberg reports that cruise line companies such as Carnival Corp., Royal Caribbean Cruises Ltd., and Norwegian Cruise Line Holdings Ltd. saw some of the biggest drops, with declines as much as nine percent in a single day’s trading.

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