The Strategist

Five richest Americans lose $ 6.5 billion after Trump impeachment inquiry announced

09/25/2019 - 08:32

The U.S. House of Representatives announced an inquiry to begin the impeachment of Donald Trump. The reason was his conversation with Ukrainian President Vladimir Zelensky. Against the background of this news, US stock indexes showed the largest drop in a month, and fortunes of the five richest Americans declined in total by almost $ 6.5 billion.
CBS News-5 ч. назад

thierry ehrmann via flickr
thierry ehrmann via flickr
At the close of trading on Tuesday, the S&P 500 index fell by 0.8% to 2966.6 points, showing the maximum drop for the day since August 23. For Nasdaq Composite, Tuesday was also the worst day of the month, CNBC notes: the index lost 1.46%, falling to 7993.6. The Dow Jones index fell by 0.53%, to 26,807.77 points.

According to the Forbes Real-Time rating, which is updated in real time, at the close of trading, Amazon shares fell 2.4%. Capital of the company’s founder, the world's richest billionaire Jeff Bezos, fell by $ 2.5 billion (-2.26%). Facebook's stock price fell by 2.97%, and Mark Zuckerberg’s fortune lost $ 2 billion (-2.9%). At the end of Tuesday, Bezos and Zuckerberg turned out to be leaders in reducing capital.

The fortune of investor Warren Buffett decreased by 0.9% or $ 745 million; the chairman of Oracle’s board of directors Larry Ellison lost $ 973 million. Of the top 5 richest Americans, Bill Gates was the least affected - his capital decreased by 0,2% or $ 210 million. In total, the wealth of the five richest Americans declined by $ 6.4 billion.

The fall in the markets was caused by news from the US Congress, CNBC said. Shortly before stock exchanges closed, several media outlets, including CNBC, The Wall Street Journal, The New York Times and The Washington Post, citing sources, said that Speaker of the United States House of Representatives Nancy Pelosi was getting ready to announce a formal investigation to begin impeachment of the US president Donald Trump.

Pelosi later officially confirmed that the procedure was started. The investigation is aimed to find out whether Trump really asked for the help of a foreign state (Ukraine) to undermine the campaign of former vice president Joe Biden. According to surveys, the latter is leading among democratic candidates for the presidential election in 2020.