World's Richest Lose $63 Billion on Trade Tensions, Stock Slide

(Oct 5): The combined net worth of the world’s 500 richest people fell the most in six months on Thursday, according to the Bloomberg Billionaires Index.

The group shed 1.2 percent of its combined net worth as luxury stocks tumbled following reports of a Chinese trade crackdown, and as U.S. equities slid on concerns over rising Treasury yields.