How rich would a person have to be to be down 70 grand in a day in stocks?

If the investor held some of the more volatile stocks, then a 10% drop in a day is possible. That would mean then have at least $700,000 in invested assets. If they had more of typical stocks (like those of the DOW or S&P500), then a 2-4% drop on a bad day is more likely. The person would have $1.5-2.0 million in invested assets.

Not that rich. I know people with $300K-$400 K in the market and $35 K is very possible in a day especially the way the market is tanking right now. It depends on your portfolio distribution. So Twice that I would assume.

It depends on what you consider rich and what you own.

On a day like today when the bigger indices are down about 2.5%, you would need to have about $2.8M in diversified stocks in order to lose $70K.

If you only have $70K of stock in a single company that suddenly loses all value, then in theory you could lose all or most of the $70K in one day.

Very