The 5 richest billionaires on the planet lost 325,000 billion VND after an announcement

(CLO) The 5 richest billionaires in the world lost more than 13.2 billion USD (about 325,000 billion VND) after just one announcement about the US CPI

On the night of the 4th day of Tet, in the US market, billionaires witnessed a terrible "sweep" of assets. The Top 5 richest people on the planet alone have more than 13.2 billion USD (equivalent to 325,000 billion VND) "blown away" from their accounts. "King of luxury goods" Bernard Arnault and his family are the richest people on the planet and are also the ones who suffered the heaviest losses in the stock session on February 13, 2024 (the 4th day of the Lunar New Year) when the value of assets decreased by 5.5%. billion USD down to 217.1 billion USD. However, this deep decline does not affect the position of billionaire Bernard Arnault.
Bernard Arnault is Chairman and CEO of LVMH Moët Hennessy Louis Vuitton. Bernard Arnault oversees the LVMH empire of 75 luxury fashion and cosmetics brands, including Louis Vuitton and Sephora.

Technology billionaire Elon Musk, CEO of electric car company Tesla, also saw his assets decrease by 1.9 billion USD to 196.6 billion USD. However, Mr. Elon Musk is still firmly in second place on the list of the richest people on the planet.

Elon Musk co-founded six companies, including electric car maker Tesla, rocket maker SpaceX and tunneling startup Boring Company.

The decline of the third richest person on the planet, Jeff Bezos, is even stronger than that of Elon Musk with a loss of 2.5 billion USD. The difference between Jeff Bezos and Elon Musk is quite low when Jeff Bezos has up to 191.3 billion USD.


At the beginning of the trading session, Facebook boss Mark Zuckerberg was the only person with a loss of less than 1 billion USD. However, near the end of the session, Mark Zuckerberg's wealth decreased by 1.1 billion USD to 164 billion USD. Larry Ellison, founder of Oracle, recorded a decrease in assets of 2.3 billion USD to 141.4 billion USD. Mr. Larry Ellison is still the fourth richest person on the planet.

US stocks fell sharply after US CPI information

The 5 richest billionaires on the planet lost 13.2 billion USD after the US stock market fluctuated due to US CPI information. Accordingly, the US has just announced that the CPI of the world's largest economy increased by 3.1% over the same period last year, higher than the expected figure of 2.9%. Hotter-than-expected inflation data in January raised Treasury yields and sunk stocks.

The Dow Jones Industrial Average lost 408 points, or 1.1%. Earlier in the day, it fell more than 500 points, or 1.4%, its biggest drop since March 2023, when it fell 1.63%. The S&P 500 index fell 1.1%, while the Nasdaq Composite fell 1.2%.

“According to today's report, the CPI was only slightly higher than expectations and is positive evidence that we are not going anywhere,” said Art Hogan, chief market strategist at B. Riley Financial. follows a linear path but is following a downward path.

” Technology stocks simultaneously fell sharply. Megacap technology stocks were among the heaviest fallers, with Advanced Micro Devices, Nvidia, Microsoft, Amazon, Meta,…

Small-cap stocks are under selling pressure. Small-cap stocks were dealt an especially harsh blow as the market struggled on Tuesday, dragging the closely watched index back into negative territory for the year. The small-cap-focused Russell 2000 fell more than 3% in Tuesday's session. By comparison, the broader S&P 500 index lost only about 1.3%.

With this loss, the Russell 2000 index is down about 3% for the year. That marks a return to trading in the red after a recent rally that briefly pulled the index into positive territory compared to early 2024.