Bezos among biggest losers as coronavirus robs world's richest of $444 bn

The drubbing more than erased the $78 billion in gains that the 500 wealthiest people had amassed since the start of the year through last week, according to the Bloomberg Billionaires Index

Last week was an expensive one for most investors, even for billionaires.

The combined fortunes of the world’s 500 richest people fell by $444 billion as the coronavirus continued to spread -- and spread fear -- rattling equity markets worldwide. The Dow Jones Industrial Average tumbled more than 12 per cent, the biggest five-day slide since the depths of the 2008 financial crisis, in a rout that vaporized more than $6 trillion from global stocks

The drubbing more than erased the $78 billion in gains that the 500 wealthiest people had amassed since the start of the year through last week, according