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World’s richest people lose $21 billion last week

By Mason White 6:17 AM February 24, 2013
Carl Icahn 

By: Debbie Gross
Last week was not kind to the world’s richest people, according to press reports in the United States.

The 100 richest people on Earth shed $21.3 billion of their collective fortunes as the Standard & Poor’s 500 Index posted its first weekly decline so far this year.

Activist investor Carl Icahn, the world’s 34 richest person, was one of the big losers of the week, dropping $1.3 billion as shares of Icahn Enterprises LP sank 15.6 percent. He is worth $20.4 billion.

Carlos Slim, the richest man in the world, saw his net worth drop of almost $700 million. Slim leads Latin America’s largest mobile phone company by market value, which fell 2.2 percent, capping its third consecutive weekly decline. Slim, 73, has a net worth of $73.4 billion.

Microsoft Corp. co-founder Bill Gates, 57, who is the second richest man with a fortune of $66 billion, saw a decrease of $260 million for the week.

Amancio Ortega, 76-year-old founder of Inditex SA, the world’s largest clothing retailer and owner of the Zara clothing chain, is number 3, with a net worth of $56.1 billion. He lost $1.3 billion for the week.