Can a global pandemic hurt the net worth of billionaires?
Image source: insider.com Even as the threat of COVID-19 lingers, the world is slowly reopening its doors, businesses are regaining their footing, and individuals are adapting to the new normal. During these uncertain times, consumers are compelled to support small businesses than mega-companies. Are the ultra-wealthy affected by the economic downturn? Steve Sorensen Net worth . Before the global quarantine took place, the world’s 500 richest people have lost $139 billion. This collective loss is the largest since 2016, per the Bloomberg Billionaires Index, which started tracking the metric in October 2016. Among the billionaires that felt the impact of the virus were Jeff Bezos (Amazon), Bernard Arnault (LVMH), and Jack Ma (Alibaba). While this may be a great number to lose when the market corrects during a crisis, stocks are expected to bounce back. Steve Sorensen Net worth . Image source: Forbes.com Billionaires who saw their net worth dive during the first mon