Overall, the world’s top 100 billionaires lost $408 billion—or 13%—of their wealth in the two months ending on March 31, 2020. “The last two months have wiped out all the wealth made in the past two and a half years,” said Rupert Hoogewerf, Hurun Report chairman and chief researcher. The ten richest together lost over a quarter of the amount at $125 billion.

Bernard Arnault of LVMH fame was the worst-hit, losing $30 billion in two months.

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