The world’s richest 500 people collectively lost $511 billion in 2018

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The world’s richest 500 people collectively lost $511 billion wealth in 2018 owing to market selloffs and global trade tensions, according to Bloomberg. World’s richest person Jeff Bezos’ wealth peaked at $168 billion in September but reduced to $115 billion at year-end despite a $16 billion gain. Facebook’s Mark Zuckerberg recorded biggest loss and his current wealth is $49.7 billion.