The biggest billionaires winners and losers of 2018



The markets may be refueling, but that has not stopped enough mega-fortunes that have been excavated in 2018.

The popularity of Fortnite, the phenomenon that forced a revolution in the video game, gave gamemaker Tim Sweeney a $ 7.2 billion mark this year. Autry Stephens has made $ 11.4 billion after his close Endeavor Energy Resources LP and has attracted bids worth a $ 15 billion worth of oil business.

"It was a good year for creating wealth," says Michael Zeuner, managing partner of WE Family Offices. "It was a difficult year in financial markets, but for people who make profits through companies, the economy itself is very strong."

Sweeney and Stephens were only two of the 31 people who threw themselves into the Bloomberg Billionaires index in 2018, even as the increasing global trade strains and a downturn in the markets negated half a trillion dollars in wealth.

Denise Coates, the British founder and CEO of online bookmaker Bet365 Group, is another addition. Coates is, according to the rankings, almost 10 times richer than Queen Elizabeth II.

While Coates has had a good year, the turmoil on the market has pushed many rich people in the red. The 500 richest people in the world lost $ 451 billion this year. That is a sharp turnaround from 2017 when they added $ 1 trillion to their fortune.

Here are the billionaires who have won and lost in 2018.

winners

Singaporean billionaires did the best in dollars and earned $ 2.5 billion. That drove the wealth of the richest of the country to a collective net worth of $ 38 billion.

Jeff Bezos, the founder of Amazon.com Inc and the richest man in the world, was 2018 the largest gainer for the second year in a row. His net worth grew by about $ 24 billion to $ 123 billion. But even he was a loser in the second half of the year when the stock markets were forwarded. From a peak in September, Bezos has since seen its fortune drop by $ 45 billion.

Despite the total loss of Chinese billionaires last year of nearly $ 76 billion, some of the country's richest still came first, including Lei Jun, founder of Chinese smartphone developer Xiaomi Corp. Jun only attracted Bezos among the biggest winners of 2018 and added $ 8.6 billion to his fortune.

losers

American billionaires saw the biggest loss this year and together they made $ 76 billion, largely as a result of the December market routine. Mark Zuckerberg saw the sharpest decline in 2018 when Facebook Inc. from crisis to crisis. His equity dropped nearly $ 20 billion, leaving the 34-year-old with a capital of $ 53 billion.

The Chinese Wang Jianlin, Jack Ma and Ma Huateng formed three of the 10 biggest losers this year. Fifty people dropped the index, including 11 from China or Hong Kong, nine from the US and four from Russia.

Among those who fell from the list were Andrej Babis, the prime minister of the Czech Republic whose fortune is derived from his chemical and agricultural company Agrofert, and the Russian tycoon Oleg Deripaska, whose net worth had dropped to a record low when the Rusal stock fell concern that the aluminum giant could stop production due to US sanctions.

And 13 billionaires in the rankings died this year, including Microsoft's Paul Allen, Hong Kong real estate developer Walter Kwok and Vichai Srivaddhanaprabha, owner of Premier League football club Leicester City.

© 2018 Bloomberg L.P


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