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The Stock Market Cleaned Out Billionaires Over the Past Week. Here's Who Lost the Most

1 month ago   |   By Fortune

Billionaires have won big in the long-running bull market that may be teetering on the edge of ending. But they're also set to lose big. Over the past week, the world's wealthiest have collectively dropped about $50 billion in estimated net worth.
What's $50 billion among the world's uber-rich? Enough to leave a mark, that's for sure, but they aren't hurting for cash-yet. For perspective though, in addition to being the amount of evaporating wealth, $50 billion is also the amount of the U.S. trade deficit in July , the first round of Trump's tariffs against China , and the market value of...
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