The 500 richest people in the world combined to lose a jaw-dropping $238.5 billion for the day

The 500 richest people in the world combined to lose a jaw-dropping $238.5 billion for the day, according to Bloomberg Businessweek. The magazine reports that 92 percent of the entrants on its Billionaires Index lost and lost big, in what was easily the worst day for the ultra-rich since the list launched in 2016. MORE