The world’s wealthiest people lost an estimated $182billion over the last week as stock markets weakened over concerns about China’s economy and ‘overheating’ earlier this year.
One reason for the market’s poor performance Friday was a report from the Chinese government saying that manufacturing in the country hit a six-year low in July.
China claimed that their economy has grown by 7%, but those paying close attention have opposing opinions.
What’s interesting is that the amount they have lost could make most average Americans rich beyond reasonable doubt. I wouldn’t mind Mr. Zuckerberg losing 1.9 billion and having it appear in my bank account. Let’s consider it an early Christmas present.