America's wealthy lost about $93 billion in one day, after stock markets took a heavy hit, Tuesday, after disappointing inflation data in the United States.
The “Dow Jones” index fell by 3.9 percent, equivalent to more than 1,200 points at the end of Tuesday’s session, in the largest daily decline since June 2020, and the “Nasdaq” index fell by 5.2 percent, and the “Standard & Poor’s 500” by about 4.3 percent.
Data showed that the consumer price index in the United States rose by 8.3 percent in August, on an annual basis.
Despite the decrease in annual inflation compared to July, when it recorded 8.5 percent, it was higher than expectations of 8.1 percent, which enhanced the prospects for the US Central Bank to approve a significant increase in interest at next month's meeting.
Investors are now likely to increase interest rates by 75 basis points for the third time in a row during the meeting that will be held on Tuesday and Wednesday.
According to Bloomberg's list of billionaires, the fortune of Jeff Bezos, founder of Amazon, declined by about $ 9.8 billion, topping the list of losers on Wall Street.
Elon Musk, head of Tesla, lost about $8.4 billion, and Mark Zuckerberg, founder of Facebook, lost about $5.6 billion.
Warren Buffett lost about $3.4 billion, and Bill Gates lost about $2.8 billion.
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