The stock market just erased $99 billion from the 500 richest people in the world

Global markets dropped sharply Wednesday, leading to a $99 billion loss for the world's 500 wealthiest people.

A report from Bloomberg.com noted that Amazon founder Jeff Bezos lost the most at $9.1 billion. His net worth is now $145.2 billion, as Amazon's stock was hit hard during the Wednesday plunge.

Second and third were French businessman Bernard Arnault and American investor Warren Buffett, whose fortunes dropped by $4.5 billion apiece.

According to Bloomberg, the losses were “equally distributed across sectors,” though American billionaires were hit hardest with $54.5 billion in losses.

The swings continued Thursday, as the Dow rose and plunged throughout the day. As of 12:40 p.m., it was down 107 points.

About the Author

Kyle Nazario

Two-day effort helps free endangered right whale off Georgia coast

Georgia state officials helped disentangle a North American right whale, one of the most endangered whales on the planet.

Centennial Yards’ rise heralds a new downtown Atlanta

The $5 billion Centennial Yards project is rising within the 50-acre hole long known as the Gulch, an area once thought to be too complex to ever be developed.

That low car payment could cost you more in the long run. A lot more.

About a quarter of all car loans now run longer than 72 months, according to Cox Automotive data.

The Latest

Credit: TNS

That low car payment could cost you more in the long run. A lot more.

OPINION

Nissan’s e-Power: An EV driving experience, fueled by gas

OPINION

December car sales are good but not magic

Featured

Credit: arvin.temkar@ajc.com

DeKalb students raise fears about ICE raids; teachers told not to talk about it

The Sequoyah Middle School community asked DeKalb school officials to better support students who fear ICE.

Two-day effort helps free endangered right whale off Georgia coast

Georgia state officials helped disentangle a North American right whale, one of the most endangered whales on the planet.

Report: Election board member violated conduct code by going to Trump rally

A Georgia Inspector General's report found State Election Board Vice Chair Janice Johnston violated the board's code of conduct by attending a Donald Trump campaign rally.