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Bill Gates, Zuckerberg lose $3.4 billion to Brexit

Microsoft Chairman Gates listens as CEO Ballmer speaks during Microsoft's annual shareholder meeting in Bellevue...Microsoft Chairman Bill Gates listens as Chief Executive Steve Ballmer (not pictured) speaks during Microsoft's annual shareholder meeting at Meydenbauer Center in Bellevue, Washington November 15, 2011. REUTERS/Anthony Bolante (UNITED STATES - Tags: BUSINESS SCIENCE TECHNOLOGY)

Bill Gates, the world’s richest man, and Mark Zuckerberg, co-founder of Facebook, have lost $3.4 billion to the decision of the UK voters to leave the European Union.

Both men were the worst-hit billionaires in the United States, losing $1.8 billion and $1.6 billion respectively.

In context, the amount lost by Gates is more than the entire wealth of Nigeria’s richest woman, Folorunsho Alakija, who – according to Forbes – is worth $1.73 billion.

Global markets erased another $69.2 billion from the combined net worth of the world’s 400 richest people on the first trading day of the week after the Brexit vote, bringing total loss to $196.2 billion in 48 hours.

The pain on Monday was felt most by Europe’s wealthiest, as 92 billionaires lost $29.4 billion, bringing their two-day decline to $81.7 billion.

These 150 billionaires from the US and Canada lost $26.7 billion on Monday,  and recorded a two-day total of $62.5 billion.

China’s 26 billionaires lost $1 billion Monday, bringing their two-day total loss to $5 billion, with a 7.4 percent ($18.7 billion) decline in 2016.

Georg Schaeffler, Germany’s third-richest person, fared the worst on the index Monday with $1.9 billion trimmed from his net worth.

Amancio Ortega, a Spanish retailer, who is Europe’s richest person, lost $1.5 billion.

While others lost, there were 69 billionaires on the index who added to their fortunes after the Brexit vote.

Takemitsu Takizaki, founder of Osaka-based Keyence, a maker of electronic sensors, led the gainers with an increase of $579.3 million.

Tadashi Yanai, Japanese retailer and chairman of Tokyo-based Fast Retailing Co., was behind him with a $552 million rise. Nineteen billionaires on the index added more than $100 million Monday.

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