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Rick Cohen

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market decline
August 13th, 2023 - 07:56 GMT

Billionaires experience losses in wealth amid market decline

ALBAWABA - In a week marked by a general market downturn, some billionaires faced losses in their fortunes. During the week, the S&P 500 index dropped by approximately 0.83%, and the Nasdaq index saw a decline of around 2.5%. Leading the list of wealth losers was Elon Musk, with his fortune decreasing by about $7.2 billion during the week. Despite this, he still retains the title of the world's richest ...
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