Brazil’s fortunes were particularly hard hit, both by plunging stock prices and a weakening real. Guilherme Benchimol, founder of XP Inc., ceased to be a billionaire after shares of the Sao Paulo-based brokerage fell 34% below its December initial public offering price.
Meanwhile, Russia’s wealthiest two dozen people are down $65 billion this year, partly because of President Vladimir Putin’s oil price war with Saudi Arabia.
--With assistance from Felipe Marques, Jack Witzig and Tom Metcalf.
This article was provided by Bloomberg News.