“Bloody Monday” affects the assets of Brazilian billionaires

The United States recorded a market drop on Monday (05), causing stock markets in other countries to decline. Experts fear a recession. This event became known as “Bloody Monday” and even damaged the fortunes of Brazilian billionaires, who lost an average of R$10 billion. The Brazilians most affected so far were Eduardo Saverin and Jorge Paulo Lemann, according to a survey by O Globo.

The affected Brazilians

With the turbulent economic times we are living in, Eduardo Saverin suffered a loss of R$3.7 billion due to the fall in Meta shares. Saverin is the co-founder of the social network Facebook and one of the richest people in Brazil. Today he works in the venture capital market with the company B Capital, where he holds the position of CEO and co-founder.

With the fall in the value of shares of AB InBev, a multinational beverage and beer company, economist and businessman Jorge Paulo Lemann lost around R$2.3 billion. Lemann was already facing a difficult time due to problems with one of his companies, Lojas Americanas.

According to a survey by O Globo, many other Brazilian billionaires were affected, totaling a 1.6% drop in their fortunes.

Vicky Safra, the second richest person in Brazil, has not been directly harmed, so far, by the events of this Monday, as her main economic activities are linked to the real estate market and the Safra bank, her family's main enterprise.

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_{Stock market crash (Photo: reproduction/Caroline Purser/Gatty Images Embed)}

“Bloody Monday” represents a scenario of uncertainty and apprehension for many economists, but the team of Fernando Haddad, Minister of Finance, believes that there are good opportunities for Brazil in this scenario.

“Bloody Monday”

The main reason for the fall in stock markets was the fear of a recession (fall in activity) in the US market, which released data on Monday suggesting a slowdown in the economy.

The main stock exchange affected was Japan's Nikkei 225, which saw a 13.47% drop in its numbers, its biggest fall since 1987.

Featured photo: stock market crash (reproduction/Shutterstock/Seu Dinheiro)