Bill Gates, Mark Zuckerberg Lose $3.4bn To Brexit

The world’s richest man, Bill Gates, and founder of social networking site, Facebook, Mark Zuckerberg, have collectively lost $3.4 billion to the decision of Britons to leave the European Union (EU).

ALSO READ Neymar Included As Brazil Unveils Olympics Squad

FILE - founder Mark Zuckerberg smiles at Facebook headquarters in Palo Alto, Calif., in this Feb. 5, 2007, file photo.  Facebook, the social network,  is tweaking the home pages of its 750 million users, much to the chagrin of some very vocal folks. The world's largest online social network is expected to announce even more changes on Thursday, when it holds its annual f8 conference in San Francisco for developers who create games and other applications for its site.  (AP Photo/Paul Sakuma)

In the fallout of the Brexit vote on global economy, both men were the worst hit billionaires in the United States, losing $1.8 billion and $1.6 billion respectively.

The amount lost by Gates alone is more than the entire wealth of Nigeria’s richest woman, Folorunsho Alakija. According to Forbes, Alakija is worth $1.73 billion.

According to Bloomberg Billionaires ranking, global markets erased another $69.2 billion from the combined net worth of the world’s 400 richest people on the first trading day of the week after the Brexit vote, bringing total loss to $196.2 billion in 48 hours.

Monday’s loss was felt most by Europe’s wealthiest, as collectively, 92 billionaires lost $29.4 billion, bringing their two-day decline to $81.7 billion.

Previous ArticleNext Article
Daniel Enisan is a content writer at With a degree in mass communication, Daniel is a full breed journalist. Daniel is a realist, loves the use of sarcasm, a movie and music junkie. He is also a poet and a good listener.

Leave a Reply

Your email address will not be published. Required fields are marked *