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US Billionaire Stockholdings Lost More Than $17B In Thursday Market Rout

Published 08/01/2014, 09:30 AM
Updated 08/01/2014, 09:45 AM
US Billionaire Stockholdings Lost More Than $17B In Thursday Market Rout

US Billionaire Stockholdings Lost More Than $17B In Thursday Market Rout

By Greg Morcroft - The U.S. stock market had its worst day in months on Thursday, falling more than 300 points and wiping out all of the month's previous gains. U.S. billionaires also felt the pain and according to calculations by Bloomberg News, the wealthies Americans lost $17.2 billion of noiminal wealth when the dust had settled.

Here, according to Bloomberg, is how some of the wealthy fared.

© International Business Times/Lisa Mahapatra. There are the 20 cities with the highest concentration of billionaire residents.

Bill Gates lost $1 billion.

Warren Buffett lost $1.2 billion

Charles Koch lost $682 million

David Koch lost $682 million

Larry Ellison lost $660 million

Christy Walton lost $604 million

Jim Walton lost $537 million

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