As US stocks took a further steep plunge on Monday erasing all the gains made so far this year. The stock market crash cut the fortunes of the world's 500 richest people by $114 billion.
According to the Bloomberg Billionaires Index, Warren Buffett, the world's third-richest person, was hardest hit, losing $5.1 billion. He is the chairman of Berkshire Hathaway Inc.
Facebook Chief Executive Officer Mark Zuckerberg's fortune tumbled by $3.6 billion, the second-biggest decline. E-commerce ginat Amazon's CEO, Jeff Bezos's fortune slipped $3.3 billion to $116.4 billion as shares of the retail behemoth fell 2.8 per cent. Google's Larry Page and Sergey Brin both took lost about $2.3 billion.