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The world's top 500 billionaires experienced a combined $536 billion loss in net worth during this week's stock market crash, setting a new record.

BlockBeats News, April 6th, according to The Kobeissi Letter citing Bloomberg data, the world's richest 500 people just experienced the largest two-day net asset loss in history. During April 3rd to 4th, these individuals' net worth dropped by $536 billion. This number is $830 billion higher than March 11th and 12th, 2020.

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On February 28, the US stock market experienced significant volatility due to Trump's remarks and economic data. The S&P 500, Nasdaq, and Dow Jones indices all fell, leading to a substantial decrease in Nvidia's market capitalization. The cryptocurrency market also took a hit, with Bitcoin and Ethereum prices declining. Market panic intensified, but the crypto industry remained optimistic about regulatory changes.
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