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World’s Richest Lose $1.4 Billion as Spain’s Ortega Drops

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World’s Richest Lose $1.4 Billion as Spain’s Ortega Drops

By Editors: Robert LaFranco - Jul 6, 2012 7:30 PM ET

July 6 (Bloomberg)-- The world’s wealthiest people dropped a combined $1.4 billion from their collective net worth this week as global equity indexes sputtered.

Eight of the planet’s 10 richest people saw their fortunes decline, led by Amancio Ortega of Spain. Europe’s richest man shed $2 billion from his fortune as shares of Inditex SA (ITX), the world’s largest clothing retailer, fell 3.4 percent from a record on July 3. Ortega, 76, maintained his position as the world’s fourth-richest person on the Bloomberg Billionaires Index, a daily measure of the world’s wealthiest people.

more:
http://www.bloomberg.com/news/2012-07-06/world-s-richest-lose-1-4-billion-as-spain-s-ortega-drops.html




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