- When it comes to billionaires in the media, the focus often tends to be on how much money they've accumulated.
- However, according to a Bloomberg report, 2018 saw a number of the world's richest billionaires lose considerable sums of money.
- Among those who lost the most were Mark Zuckerberg, Amancio Ortega, and Carlos Slim, but the majority were based in Asia, with China-based billionaires taking up six spots in the ranking.
Usually in financial media, the focus tends to be on how large billionaires' fortunes are and by how much they've grown - however Bloomberg recently published a report on the ups and the downs of some of the richest people in the world.
By looking at Bloomberg's index and extracting information about who in the ranking lost the most in wealth over the past year, a number of high-profile CEOs and businessmen have suffered billion-dollar losses.
The majority of those in the ranking are based in Asia and, though those in the top three spots are based in the West, six of the billionaires who lost most money were based in China - in total, all the billionaires racked up losses of over $153.387 billion.
These are the billionaires who lost the most between January 2, 2018 and January 2, 2019 according to Bloomberg's ranking.
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17. Yongxing Liu
Position: President and CEO of East Hope
Sector: Industrial
Country: China
Ranking in the Bloomberg Billionaires Index: 192
Losses in the last year: $5.46 billion
Total fortune: $7.89 billion
16. Lee Kun-Hee
Position: President of Samsung
Sector: Technological, Industrial
Country: South Korea
Ranking in the Bloomberg Billionaires Index: 59
Losses in the last year: $5.51 billion
Total fortune: $16.5 billion
15. Lakshmi Mittal
Position: President and CEO of Arcelor Mittal
Sector: Raw materials, iron and steel industry
Country: India
Ranking in the Bloomberg Billionaires Index: 79
Losses in the last year: $5.85 billion
Total fortune: $14.6 billion
See the rest of the story at Business Insider