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Mark Zuckerberg & Bill Gates Loses 3.4 Billion To Brexit

Gates loses - Mark Zuckerberg & Bill Gates Loses 3.4 Billion To Brexit

The world’s richest man, , and , co-founder of Facebook, have lost $3.4 billion to the decision of the UK voters to leave the European Union.

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, , 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.
-The Cable

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Damilola A.

Damilola is a dedicated entertainment writer for Okay Nigeria (Okay.ng). He joined the platform with the aim of using his experience in the Entertainment industry to share wonderful articles in this field. Dammy is a die-hard fan of Wizkid.

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