Wall Street’s roller coaster ride of the past week has made even veteran investors a bit queasy. After months of calm, the market’s volatility, while not unusual in the historical sense, has resulted in some big short-term losses.
No one has felt this more than some of the country’s richest people. Jeff Bezos, Bill Gates, and Warren Buffett have substantial stock holdings in their companies—and while none are at risk for a lifestyle change after the past week, the yo-yoing, which has officially put us in correction territory, has impacted their bottom lines.
