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Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983

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CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea

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Boomers actually do hold most of the wealth and power. So why do they call it 'whiny' to point that out?

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Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983

2

CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea

3

Boomers actually do hold most of the wealth and power. So why do they call it 'whiny' to point that out?
FinanceRoad to Wealth

These 12 billionaires lost more than $1 billion on Monday

By
Michal Addady
Michal Addady
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By
Michal Addady
Michal Addady
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August 25, 2015, 9:34 AM ET
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Pictured: Warren Buffett, Bill and Melinda Gates, in an interview on May 5, 2015Photograph by Getty Images
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Normal people weren’t the only ones hurt by Monday’s turbulent stock market. The world’s richest people saw losses in the billions, according to the Bloomberg Billionaires Index.

Here’s a list of 12 individuals who lost more than $1 billion Monday, along with their overall ranking in terms of world’s richest people. Their combined losses add up to nearly $23 billion. The only person among the world’s 10 richest people not appearing on this list is Ingvar Kamprad (#8), who lost $820.3 million.

#1 Bill Gates: -$3.2B

#2 Amancio Ortega: -$1.5B

#3 Warren Buffett: -$2B

#4 Carlos Slim: -$1.6B

#5 Charles Koch: -$1.3B

#6 David Koch: -$1.3B

#7 Jeff Bezos: -$2.6B

#9 Larry Ellison: -$1.6B

#10 Mark Zuckerberg: -$1.7B

#14 Larry Page: -$1.2B

#15 Sergey Brin: -$1.2B

#17 Wang Jianlin: -$3.6B

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