The world's richest people lost $70 billion yesterday

Nigerian billionaire Aliko Dangote, Africa's richest person and the world's 59th-richest, was one of only 12 billionaires among the 400 to increase their fortunes on the day, rising $180 million to $15.3 billion. The collective decline for the billionaires amounted to a fall of more than 1.5 percent.  The combined loss is more than the market capitalization of Ford Motor Co. or Twenty-First Century Fox Inc. The S&P fell 2.1 percent on the day and the NASDAQ dropped 2.4 percent. Among the world's richest people, Spain's Amancio Ortega had the biggest fall, losing $2.2 billion on the day, a 3.2 percent decline.

The world's richest people lost $70 billion yesterday source: http://finance.yahoo.com/news/worlds-richest-people-lost-70-121917606.html