World's Richest Lose $194 Billion In First Trading Week of 2016

Bavaria

Bavaria

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Jun 14, 2011
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World's Richest Lose $194 Billion In First Trading Week of 2016

Brendan Coffey bpcoffey
Jack Witzig
January 9, 2016 — 1:59 AM AST
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  • Amazon's Jeff Bezos, last year's biggest winner, lost the most
  • Number of billionaires who shed more than $1 billion: 47
The world’s 400 richest people lost almost $194 billion this week as world stock markets began the year with a shudder on poor economic data in China and falling oil prices.
Forty-seven billionaires lost $1 billion or more during the worst week for U.S. stocks since 2011, according to the Bloomberg Billionaires Index. The combined drop was almost seven times the $29 billion lost in the first five trading days of 2015. The 400 people on the index had a combined $3.7 trillion at the end of the week, compared with more than $4 trillion a year ago.
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Amazon.com founder Jeff Bezos, the best-performing billionaire in 2015, lost the most, his fortune dropping $5.9 billion this week as shares of the world’s largest online retailer fell more than 10 percent. Bezos is the world’s fourth-richest person with $53.7 billion and more than doubled his net worth in 2015 as investors cheered profits at Amazon.
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Jeff Bezos
Photographer: Jin Lee/Bloomberg
The world’s richest person, Bill Gates, fell $4.5 billion to $79.2 billion, while Spain’s Amancio Ortega, the second-richest, dropped $3.4 billion to $69.5 billion.
BillionaireYTD DropNet WorthPercentage Change
Jeff Bezos-$5.9 billion$53.7 billion-9.9%
Carlos Slim-$5.7 billion$46.6 billion-10.8%
Bill Gates-$4.5 billion$79.2 billion-5.4%
Wang Jianlin-$4 billion$32.4 billion-11.1%
Amancio Ortega-$3.4 billion$69.5 billion-4.7%
The combined loss among the billionaires represents a 4.9 percent dip in their total wealth, according to the index, a slightly better performance than world equity markets so far this year. Global stocks tumbled 6.2 percent for the week, according to the MSCI ACWI Index.
There were 11 billionaires among the 400 whose fortunes rose this week, including the five heirs to Wal-Mart Stores Inc. The five Waltons added a combined $2.5 billion as Wal-Mart gained a little over $2 a share. Jim Walton, son of company founder Sam Walton, had the biggest gain, a $759 million increase.
The combined net worth of the 400 people on the index is $3.7 trillion, about equal to the gross domestic product of Germany.

World's Richest Lose $194 Billion In First Trading Week of 2016
 
George Soros Sees Crisis in Global Markets That Echoes 2008


  • Soros speaks at economic forum in Sri Lanka's capital
  • China's devaluation hurting the rest of the world, Soros says
https://twitter.com/intent/tweet?ur... Global Markets That Echoes 2008&via=business
Global markets are facing a crisis and investors need to be very cautious, billionaire George Soros told an economic forum in Sri Lanka on Thursday.
China is struggling to find a new growth model and its currency devaluation is transferring problems to the rest of the world, Soros said in Colombo. A return to positive interest rates is a challenge for the developing world, he said, adding that the current environment has similarities to 2008.
Global currency, stock and commodity markets are under fire in the first week of the new year, with a sinking yuan adding to concern about the strength of China’s economy as it shifts away from investment and manufacturing toward consumption and services. Almost $2.5 trillion was wiped from the value of global equities this year through Wednesday, and losses deepened in Asia on Thursday as a plunge in Chinese equities halted trade for the rest of the day.
“China has a major adjustment problem,” Soros said. “I would say it amounts to a crisis. When I look at the financial markets there is a serious challenge which reminds me of the crisis we had in 2008.”
Soros has warned of a 2008-like catastrophe before. On a panel in Washington in September 2011, he said the Greece-born European debt crunch was “more serious than the crisis of 2008.”

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Soros, whose hedge-fund firm gained about 20 percent a year on average from 1969 to 2011, has a net worth of about $27.3 billion, according to the Bloomberg Billionaires Index. He began his career in New York City in the 1950s and gained a reputation for his investing prowess in 1992 by netting $1 billion with a bet that the U.K. would be forced to devalue the pound.
Measures of volatility are surging this year. The Chicago Board Options Exchange Volatility Index, known as the fear gauge or the VIX, is up 13 percent. The Nikkei Stock Average Volatility Index, which measures the cost of protection on Japanese shares, has climbed 43 percent in 2016 and a Merrill Lynch index of anticipated price swings in Treasury bonds rose 5.7 percent.
China’s Communist Party has pledged to increase the yuan’s convertibility by 2020 and to gradually dismantle capital controls. Weakness in the world’s second-largest economy remains even after the People’s Bank of China has cut interest rates to record lows and authorities pumped hundreds of billions of dollars into the economy. Data this week reinforced a sluggish manufacturing sector.

George Soros Sees Crisis in Global Markets That Echoes 2008
 
Sijaona jina la warren buffet kama nae amepungua utajir... Nawaona kina gates, slim, bezos na wengne... Ndo kusema jamaa anaendelea kuprove kuwa yy intelligent investor Bavaria
 
Sema hawa analysts huwa wanakuza sana mambo wakati mwngne... Wanaogopesha investors kama ile wanasema "Sell everything" sidhani kama ni approach nzuri ya kufikisha analysis kwa wawekezaji... Ni kuwapanikisha tu na kuifanya hali kuwa mbaya zaidi
 
Geofrey_GAMS said:
Sema hawa analysts huwa wanakuza sana mambo wakati mwngne... Wanaogopesha investors kama ile wanasema "Sell everything" sidhani kama ni approach nzuri ya kufikisha analysis kwa wawekezaji... Ni kuwapanikisha tu na kuifanya hali kuwa mbaya zaidi
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Kwani wawekezaji wenyewe hawaoni kinachoendelea?
 
Haikwepeki kabisa. Huu ni mwaka wa kuporomoka bei kuanzia kwenye commodities mpaka kwenye stocks na hawa watu wamewekeza sana na last week masoko yoye ya us na ulaya yamefunga kwa hasara kubwa kwa hiyo no way lazima wealth iporomoke. Si washasema so far kwa mwaka huu market has wipe off almost more than $ 1 trillion.
 
Stock markets inaweza kufanya uwe kichaaa maana haieleweki
 
Davion Delmonte Jr. said:
Haikwepeki kabisa. Huu ni mwaka wa kuporomoka bei kuanzia kwenye commodities mpaka kwenye stocks na hawa watu wamewekeza sana na last week masoko yoye ya us na ulaya yamefunga kwa hasara kubwa kwa hiyo no way lazima wealth iporomoke. Si washasema so far kwa mwaka huu market has wipe off almost more than $ 1 trillion.
Click to expand...

Yeah, STock Trading ni kama gambling.
 
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