---
title: Warren Buffett Lost More Money Than Anyone in the World on Tuesday
description: It was a bad day for billionaires. As stocks fell, the net worths of Warren Buffett, Jeff Bezos, Amancio Ortega, and Carlos Slim all fell by $1 billion or more.
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published: '2017-09-06T13:09:15.000Z'
modified: '2024-04-17T06:44:31.000Z'
section: Investing
tags:
  - Amancio Ortega
  - Billionaires
  - Jeff Bezos
  - richest
  - stock market
  - Warren Buffett
  - Wealth
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![Fortune's Most Powerful Women Summit - Day 2](https://img.money.com/2017/09/warrenbuffettlostbillion-em-492444164.jpg)
*Warren Buffett speaks during Fortune's Most Powerful Women Summit in 2015.*

Even Warren Buffett can have a bad day — although this one was *really, really bad*.

The Berkshire Hathaway chairman and renowned investing genius lost $1.53 billion Tuesday, or 2% of his net worth [according to Bloomberg](https://twitter.com/BloombergTV/status/905194914572451840), as markets were broadly routed on policy uncertainty and ongoing jitters over North Korea.

The S&P fell 0.8%, the Dow Jones Industrial Average dropped 1.1%, and the Nasdaq Composite Index declined 0.9%, or roughly 60 point, loss at 6,375. Both the S&P 500 and Nasdaq halted multi-day win streaks, [according to Marketwatch](http://www.marketwatch.com/story/us-stocks-suffer-worst-daily-loss-in-3-weeks-on-policy-uncertainty-north-korea-2017-09-05). All three indices saw their worst one-day drop since Aug. 17, according to FactSet data.

Other mega losers Tuesday included Amancio Ortega, the fashion magnate who [for a brief period last week](https://money.com/worlds-richest-bill-gates-amancio-ortega-jeff-bezos/) took the mantle of the richest person in the world. Ortega lost $1.22 billion, or 1.5% of his net worth, and is now only the third richest in the world. And Mexican billionaire Carlos Slim and Amazon founder Jeff Bezos each lost $1.04 billion.

The top-5 richest is now as follows [according to Bloomberg](https://www.bloomberg.com/billionaires/):

1.  Bill Gates, $85.9 billion
2.  Jeff Bezos, $82.9 billion
3.  Amancio Ortega, $79.7 billion
4.  Warren Buffett, $76.2 billion
5.  Mark Zuckerberg, $72.5 billion

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