>> Bloomberg reports that the world’s richest 500 people have lost a total of $1 trillion this year. > I can't view the article, but aren't those "losses" like

>> Bloomberg reports that the world’s richest 500 people have lost a total of $1 trillion this year. > I can't view the article, but aren't those "losses" likely to be paper losses, i.e., unrealized losses? Yup, these kind of articles are just padding. They're very cheap to write, and there's almost always "news" since stock prices always move. Most of the richest people (that we know of) hold the vast majority of their wealth in shares of public companies, so the richest got X-trillion richer/poorer in the past months/years is pretty much synonymous with the stock market went up/down by Y-%. You can probably write a script that fetches stock returns and autogenerates the article. Heck, someone at Bloomberg probably already did.