The Top 200 Art Collectors Have Lost Billions Due to Stock Market Sell-offs
ARTnews Top 200 collectors Jeff Bezos, Bernard Arnault, and Alice Walton lost billions on March 7 and March 10 after stock market sell-offs motivated by investor concerns about the new Trump tariffs and a potential global recession. By the end of the trading day Friday, the major U.S. indices had fallen by more than 2 percent for the week and the S&P 500 fell 3.1 percent, the largest drop since September, according to NPR. On March 10, The Wall Street Journal reported the Nasdaq Composite fell 4 percent. More from Robb Report As of end of day Monday, 24 of the...