NEW YORK: The continuing rout in global stocks obliterated about US$4 trillion of market value Monday, but one billionaire is managing to avoid the onslaught as social distancing becomes the norm.
Business conferences, college courses and even children’s playgroups have all moved online as people worldwide heed calls to stay away from one another. He came up with the idea for Zoom after repeatedly travelling 10 hours to see his girlfriend while they were college students. Facebook Inc co-founder Mark Zuckerberg, the world’s fifth-richest person, incurred the biggest one-day decline, with his fortune plunging US$9 billion to $56.3 billion.But no one has lost more wealth so far this year than Frenchman Bernard Arnault.
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