Small investors aren't the only ones hurt by the ongoing market turmoil. The world's richest people saw losses in the billions, according to the Bloomberg Billionaires Index.
Global market selloff has aggravated in the last one week amidst speculation that central banks globally are likely to tighten policy more aggressively as inflation concerns ease.
Hardest hit was Warren Buffett, who has lost a total of $8.4 billion since February 1, according to the index.
Here's a list of 12 individuals who bore the maximum brunt of Monday's market rout along with their overall ranking in terms of world's richest people, according to the Bloomberg Billionaires Index:
12. Steve Ballmer, ex-Microsoft
-$1.31 billion
11. Alice Walton, Walmart
-$1.76 billion
10. Rob Walton, Walmart
-$1.76 billion
9. Bernard Arnault, LVMH
-$1.76 billion
8. Jim Walton, Walmart
-$1.78 billion
7. Larry Ellison, Oracle
-$1.91 billion
6. Bill Gates, Microsoft
-$2.25 billion
5. Sergey Brin, Alphabet/Google
-$2.26 billion
4. Larry Page, Alphabet/Google
-$2.33 billion
3. Jeff Bezos, Amazon
-$3.26 billion
2. Mark Zuckerberg, Facebook
-$3.62 billion
1. Warren Buffett, Berkshire Hathaway
-$5.11 billion
