World’s 20 richest people are $70bn poorer, says Forbes 0

Annual ranking of billionaires shows their number is down on last year and that the biggest loser is telecoms tycoon Carlos Slim

More than $70bn (£50bn) has been wiped off the wealth of the world’s 20 richest people following a slump on global financial markets, according to the latest annual ranking of billionaires by Forbes.

The combined wealth of the top 20 has fallen from $899bn last year to $827bn. The Forbes report also shows that the number of billionaires has fallen from a record 1,826 in 2015 to 1,810.

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Annual ranking of billionaires shows their number is down on last year and that the biggest loser is telecoms tycoon Carlos Slim

More than $70bn (£50bn) has been wiped off the wealth of the world’s 20 richest people following a slump on global financial markets, according to the latest annual ranking of billionaires by Forbes.

The combined wealth of the top 20 has fallen from $899bn last year to $827bn. The Forbes report also shows that the number of billionaires has fallen from a record 1,826 in 2015 to 1,810.

Continue reading…

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