World’s 400 Richest People Lose $127 Billion on Brexit: Chart

[PADemD]

The world’s 400 richest people lost $127.4 billion Friday as global equity markets reeled from the news that British voters elected to leave the European Union. The billionaires lost 3.2 percent of their total net worth, bringing the combined sum to $3.9 trillion, according to the Bloomberg Billionaires Index. The biggest decline belonged to Europe’s richest person, Amancio Ortega, who lost more than $6 billion, while nine others dropped more than $1 billion, including Bill Gates, Jeff Bezos and Gerald Cavendish Grosvenor, the wealthiest person in the U.K.

http://www.bloomberg.com/news/articles/2016-06-24/world-s-400-richest-people-lose-127-billion-on-brexit-chart

[no_hypocrisy]

1. But, hey, on the bright side, they'll be able to afford playing golf at Turnberry.

[L. Coyote]

7. Good news for Trump.

His cap should read, "Make Me Rich Again."

[pipoman]

2. Good ..something good came of it....

[ljm2002]

3. If Brexit made the rich lose money...

...good! Maybe it will get their attention as to the very real problems facing the rest of us, and maybe it will even motivate them to push for policies that will benefit the masses and make future actions like Brexit less likely.

When the system stops working for people, people stop supporting the system. Go figure.

[L. Coyote]

8. Maybe it will show them how much to spend defeating Trump! Before this:

[Igel]

15. They lost wealth.

Most of it is on paper, not in currency. In the same way that they gained fabulous wealth after the recession ended, they lost it.

(Many think that the wealth that the rich got as the market rose they stole from workers . I guess some of it's been returned so the workers now feel wealthier?)

[Tom Rinaldo]

4. And still can afford to eat out all their meals n/t

[Wounded Bear]

5. A silver lining of sorts...

but does anyone think they will really notice?

[Hoyt]

6. As did tens of million of people with small IRA/401ks (on paper).

[swhisper1]

10. yup, luckily I saw it coming and cashed out last week

we probably need to pay more attention to EU bail-outs for a while

[yeoman6987]

14. Taxes are going to be a headache in April

I hope you save a third of it for taxes.

[Rex]

12. They don't count.

Obviously.

[L. Coyote]

9. Screw them. How much did the People lose?

[Rex]

11. Meanwhile, working folks are still trying to recover from the 2008 economic collapse.

Still trying to get their homes and lives back after 8 horrible years.

[DavidDvorkin]

13. Many of the rest of us lost money, too

And we can afford to do so far less than the rich can.