Global markets continue to slide as coronavirus fears persist. The ongoing jitters in the global stock markets have affected both average investors and billionaires. According to analysts, the world’s wealthiest people have recently lost a total of $139 billion. Growing concerns about the outlook for the global economy triggered a massive sell-off in the equity market. As a result, stocks of some major world companies plummeted to their lowest levels. Thus, Bernard Arnault, chairman of luxury-goods maker LVMH, and Amazon founder Jeff Bezos each lost more than $4.8 billion of their net worth. The personal wealth of Amancio Ortega, chief executive officer of Zara, tumbled by $4 billion while Mark Zuckerberg lost $3.48 billion. The fortunes of other billionaires in the top 10 slid by at least $2.3 billion. Investors remain wary of the coronavirus spread and the measures taken to contain the disease as they are putting China’s growth and the global economy at risk.
