Market rout costs Ambani’s crown as Asia’s richest – Saudi Gazette

Market rout costs Ambani’s crown as Asia’s richest – Saudi Gazette

Frenchman Bernard Arnault, chairman of luxury-goods giant LVMH, was Europe's biggest decliner with a $4.4-billion drop in his net worth to $81.4 billion.. Crude prices tanked by a third in their worst drop since the 1991 Gulf War.. The carnage on global markets on Monday also lost Amazon founder and world's richest man Jeff Bezos $5.6 billion and Berkshire Hathaway's Warren Buffett $5.3 billion, Bloomberg said.. Japan firms scrap corporate joining events due to virus.