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$63 billion loss in a day face by the world's 500 richest people

As per the Bloomberg Billionaires Index, the combined net worth of the world’s 500 richest people has sunk on Thursday. The group lost 1.2% of its combined net worth after the luxury stocks fell suddenly and US equities slipped, as per reports. Europe’s richest man, Bernard Arnault faces a loss of $3.5 bn in his fortune, more than anyone on the list. But only Warren Buffet's fortune rose from $1.9 bn to $90 bn.