And Away They Go, Recent Forbes Billionaire List (buying, sell, interest)

[tijlover]

267 billionaires from the list of 2,153 last year have fell below the $1Billion threshold this year.

42 from China, 36 from the U.S., 18 from India, 17 from Brazil, 14 from South Korea.

And a number of those remaining, have lost billions.

Will be interesting to see how many more fall off this year.

Sympathy cards can be sent to?

[bmlx]

When the value of your investments decrease in value, so does your net worth. Liquid assets (that are easy to sell for cash or cash-equivalents) are much more valuable during these volatile times as you can easily get rid of them and save the cash (after any taxes, of course).

[davidt1]

Yes, they are suffering.

https://therealdeal.com/la/2020/04/2...front-mansion/

[NJ Brazen_3133]

If they lost billions, then someone else or some other people has that money. So some different people have more now than they had before. This is good. Wealth parity is good.

Or did these people lose speculated unrealized value?

[Boompa]

Originally Posted by tijlover

267 billionaires from the list of 2,153 last year have fell below the $1Billion threshold this year.

42 from China, 36 from the U.S., 18 from India, 17 from Brazil, 14 from South Korea.

And a number of those remaining, have lost billions.

Will be interesting to see how many more fall off this year.

Sympathy cards can be sent to?

Russia?

[Boompa]

Originally Posted by Boompa

Russia?

What happened to all of the Russian Billionaires who were buying Congress

[Philip T]

Originally Posted by NJ Brazen_3133

If they lost billions, then someone else or some other people has that money. So some different people have more now than they had before. This is good. Wealth parity is good.

Or did these people lose speculated unrealized value?

Not so much "speculated" but more often retained Stock from Public Offerings.

Folks bid up the price, and then that make believe "value" is multiplied across all the Stock still held.

Abracadaddy. You are a Billionaire.

Price goes down (like now) and the make-believe wealth goes down.

Never really any gain nor loss to be had.