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News > World

Greek Crisis Sees World's Wealthiest Lose Billions

  • Zara's founder and second fortune of the world recorded the biggest loss.

    Zara's founder and second fortune of the world recorded the biggest loss. | Photo: Reuters

Published 2 July 2015
Opinion

Warren Buffet lost US$1.6 billion – corresponding to what Greece owes to the International Monetary Fund.

The 200 top wealth holders of the world have been seriously affected by the collapse of world stock markets that followed Greece's announcement to hold a referendum on the troika’s offer, reported Le Figaro.

According to the Bloomberg index on billionaires, they have lost almost US$88 bn in one week.

This amount included US$52.3 bn only on Monday, the day the world stock markets plunged.

On average, this represents a loss of about US$217.5 million for each of the top 200 billionaires, calculated the French news outlet.

The most impressive loss was the one of Spanish Amancio Ortega, founder of Zara and second wealthiest person in the world with US$69.2 bn, who lost US$3.5 bn – 3.2 percent of his fortune.

RELATED: Banks Push Greece to the Brink

The richest man of the planet, Bill Gates, lost US$1.4 bn on Monday, while Warren Buffet lost US$1.6 bn – corresponding to what Greece owed to the International Monetary Fund.

Carlos Slim and Mark Zuckerberg also registered significant losses, respectively US$1.6 bn and US$0.94 bn

On Sunday, Tsipras called a referendum on the proposed bailout accord with foreign creditors, after his Syriza-led government rejected the terms of a debt package proposed by the lenders. The vote, which is scheduled for July 5, was criticized by the Council of Europe, who said it did not meet “international standards.”

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