The world’s three richest people — Amazon.com Inc.’s Jeff Bezos, Microsoft Corp. co-founder Bill Gates and LVMH Chairman Bernard Arnault — incurred the biggest losses, with their combined wealth dropping about $30 billion.Elon Musk, the world’s 25th-richest person, rang up the fourth-largest weekly loss — $9 billion — as shares of his Tesla Inc. slid after a steep climb to start the year. He’s still up $8.8 billion in 2020 and has a net worth of $36.3 billion.
Health officials are struggling to contain the virus, which can cause a potentially deadly pneumonia-like illness in a minority of patients and spread from others who look healthy. The World Health Organization has thus far refrained from declaring it a pandemic.About 80 per cent of billionaires on Bloomberg’s wealth ranking are now in the red this year, including those whose businesses have been swept up in the global drama. Carnival Corp. Chairman Micky Arison lost $1 billion this week as the world’s largest cruise-line operator held tourists aboard one of its ships in Japan, where at least five passengers have died.