The coronavirus has already cost the ultra-wealthy more than $100 billion. Here's why they're likely to feel more pain from the market drops than the average American.

The coronavirus has already cost the ultra-wealthy more than $100 billion. Here's why they're likely to feel more pain from the market drops than the average American.

Business Insider

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· Cases of the novel coronavirus may be concentrated in China, but the stock market losses are not.
· Bernard Arnault, the chairman of Louis Vuitton parent LVMH, lost $8.8 billion from his personal net worth in the past week as reduced spending in China hurts luxury sales. 
· The world's 500 richest people lost $139 billion...

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