The top billionaires in the US lost billions of dollars among them in a single day on Tuesday as markets hit a sharp downturn on the back of a grim economic report.
In the exchanges’ worst single day since the summer of 2020, when the impact of Covid-19 was ravaging the American economy, the S&P 500 dropped 4.3 per cent, the Dow Jones Industrial Average 3.9 per cent, and the Nasdaq Composite by 5.2 per cent.
