Tuesday, November 29, 2022
HomeBusinessLoss of more than $ 1.4 trillion in the last half, loss...

Loss of more than $ 1.4 trillion in the last half, loss of many top billionaires including Elon Musk, Jeff Bezos

According to the Bloomberg Billionaires Index, Musk, the co-founder of Tesla, still has the highest net worth of $208.5 billion. While Amazon’s owner Bezos is in second place with a net worth of $ 129.6 billion.

The recession caused by the Corona epidemic has affected everyone. From mangoes to the world’s richest people, people have also suffered. According to Bloomberg,  Twitter owner Elon Musk’s wealth has decreased by about $ 62 billion. There has also been a decline in the wealth of Jeff Bezos by about $ 63 billion. At the same time, Mark Zuckerberg’s net worth has declined by more than half. All told, the world’s 500 richest people lost $1.4 trillion in the first half of 2022 (January-June 2022). This is a massive drop, the biggest half-year fall ever for the global billionaire class. 

Last quarter worst for Tesla

This is the sharpest drop in the post-corona period, when governments and central banks launched unprecedented stimulus measures in the wake of the COVID-19 pandemic, slashing the value of everything from tech companies to cryptocurrencies. Some high-value stocks and the billionaires who own them are suffering huge losses due to policy makers raising interest rates to deal with rising inflation. Tesla Inc. Last quarter was the worst quarter ever. While Amazon.com Inc. suffered the most since the dot-com bubble. 

Musk still the richest man in the world

Although the deficit for the world’s richest people is increasing, it represents only a modest step towards reducing wealth inequality. According to the Bloomberg Billionaires Index, Musk, the co-founder of Tesla, still has the highest net worth of $208.5 billion. While Amazon’s owner Bezos is in second place with a net worth of $ 129.6 billion.

According to the Bloomberg index, Bernard Arnault, France’s richest person, is at the third position with a net worth of $128.7 billion, followed by Bill Gates at the fourth position with $114.8 billion. These are the only four with a net worth of over $100 billion. At the start of the year, 10 people in the world exceeded that amount, including Zuckerberg, who now ranks 17th on the wealth list with $60 billion. 

Crypto pioneer Changpeng Zhao, who debuted on the Bloomberg Billionaires Index in January with an estimated net worth of $96 billion, has seen his wealth drop by nearly $80 billion this year amid the turmoil in the digital asset. 

- Advertisement -
MOBILE

- Advertisment -

- Advertisment -spot_imgspot_imgspot_img

Auto

Two Wheeler

BUSINESS AND FINANCE

Digit News

spot_img