This person who earned only 13 lakh rupees made the billionaires sweat, one decision made him sink 16.41 lakh crores – Read

Wednesday was a very important day in America. America’s central bank, the Federal Reserve, cut interest rates for the third consecutive time in the last policy meeting of the year. Besides, the planning for the next two years was also put before the world. But the stock market did not like this planning and a big fall was seen. Due to this decline, there was a decline in the wealth of about 400 billionaires out of the world’s 500 billionaires. Whose 193 billion dollars i.e. more than 16 lakh crore rupees were lost.

The special thing is that this time the salary of the person who decides all the things in the policy meeting or puts forward the outline of planning for the next two years is only Rs 13 lakh every month. Yes, here we are talking about Fed Chairman Jerome Powell. Whose decisions not only created havoc in the stock market but also created panic in the world of billionaires of the world.

The world’s richest businessman, Elon Musk, who was close to $500 billion, saw the biggest decline in his net worth. The wealth of 23 of the world’s top 25 decreased by more than $100 billion. This means that more than half of the loss has been suffered by only 23 of the world’s top 25 billionaires. Let us also tell you how much total loss has been suffered by the world’s billionaires and which people among them have seen how much loss.

Loss of Rs 16 lakh crore to 395 billionaires

When the business team of TV9 Digital analyzed the data of Bloomberg Billionaires Index, it was found that due to the decline in the stock markets of the world including America on Wednesday, there was a decline in the wealth of 395 out of 500 billionaires. These billionaires suffered a loss of 193 billion dollars i.e. Rs 16.41 lakh crore. Whereas 65 billionaires were seen whose wealth increased. The special thing is that out of the 65 billionaires, the net worth of any billionaire did not increase by one billion or more. There was an increase of less than one billion dollars in everyone’s wealth.

23 out of top 25 suffered more than half loss

After analyzing the data of Bloomberg Billionaires Index and doing calculations, the information that came out was even more surprising. There was a decline in the wealth of 23 billionaires among the top 25 billionaires of the world. The calculated loss of these 23 billionaires reached 104.56 billion dollars. This means that more than half of the total loss was suffered by these 23 billionaires. There were only two billionaires whose net worth saw a rise. The wealth of Mukesh Ambani, the world’s 17th and Asia’s richest businessman, saw an increase of $72.5 million. While China’s richest billionaire Jong Shanshan gained $166 million.

Which billionaire suffered the most loss?

If we look at the data of Bloomberg Billionaires Index, the world’s richest businessman Elon Musk suffered the most loss. His wealth was reduced by $28.4 billion. Jeff Bezos suffered a loss of $9.72 billion. Mark Zuckerberg’s net worth reduced by $7.6 billion. Canadian billionaire Changpeng Zhou has suffered a loss of $6.42 billion. Michael Dell, Lawrence Graf, Larry Ellison, Larry Page, Steve Ballmer, Sergey Brin have lost less than $6 billion and more than $5 billion.

Why did the loss occur?

In fact, a day before, on Wednesday, the Federal Reserve cut interest rates for the third consecutive time, but kept itself silent on the future stance. The Fed has indicated that the progressive reduction in interest rates that was expected for the year 2025 will be halted. Only 0.50 percent reduction will be seen in the year 2025. A reduction of 0.50 percent has also been announced in the year 2026. There are also indications that interest rates will be put on hold in the Fed meeting starting a week or 10 days after Donald Trump takes oath. Due to which a big decline has been seen in the stock market.

The person who earned Rs 13 lakh decided

This decision was taken by none other than the person who earns Rs 13 lakh every month and that person is Fed Chairman Jerome Powell. According to foreign media reports, Jerome Powell’s annual salary is $1,90,000. This means that his average salary every month is $15,833.33. If this amount is converted into Indian Rupees then it becomes Rs 13.47 lakh every month. This means that a person earning a few thousand dollars every month has lost billions of dollars to the world’s billionaires by his decision.