In the past week, as the historic peace summit between the governments of North and South Korea have stunned the world, many of the top military stocks are in a free fall. The military-industrial complex is probably not losing any sleep though, as they have plenty of other wars to keep their portfolios afloat. However,…Read more
Mark Zuckerberg Has Lost $3 Billion This Week
By Tom Metcalf and Jack Witzig
March 1, 2018, 5:03 PM EST
Updated on March 2, 2018, 1:38 PM EST
It’s been an expensive week for the world’s richest people.
Mark Zuckerberg is nursing the biggest fall after losing $3.2 billion as large cap stocks disappointed for a fourth straight day.
Losses for the Facebook Inc. chief executive officer topped those of Spain’s Amancio Ortega and Mexico’s Carlos Slim, who were both down $2.4 billion as of 1 p.m. in New York. The fortunes of Alphabet Inc.’s Larry Page and Sergey Brin each dwindled more than $2 billion on the Bloomberg Billionaires Index since markets opened on Monday.
The world’s 500 richest people have lost a combined $107 billion this week, more than the entire market capitalization of Goldman Sachs Group Inc. or Lockheed Martin Corp. The wealth of U.S. billionaires fell the most, declining a combined $34 billion. Chinese tycoons saw $16 billion erased.
The Dow Jones Industrial Average has slid about 3.5 percent this week as President Donald Trump invited a trade war and Federal Reserve Chairman Jerome Powell fueled speculation the central bank plans to quicken the pace of monetary tightening.
Man kan omöjligen förstå varför världen ser ut som den gör om man inte har satt sig in i hur det finansiella systemet fungerar. Ursprunget till dagens bankväsende inleddes när välbärgat folk under medeltiden började förvara guld & silver i guldsmedernas valv. Guldsmederna skrev ut kvitton och ägarna betalade sen sina skulder genom att ta…