Kinh doanh

The 50 richest people in the world lost 563 billion USD in just 5 months

The 50 richest people in the world lost 563 billion USD in just 5 months - Photo 1.

The fortunes of Jeff Bezos, Bill Gates and Elon Musk have all decreased since the beginning of the year – Photo: WALL STREET JOURNAL

According to the Bloomberg Billionaires Index recently announced, 50 Rick man Most, including Elon Musk, Jeff Bezos, Bill Gates and Bernard Arnault, have lost a total of $563 billion from the beginning of this year to May 22.

These assets have “evaporated” as the stock market faces its first recession since the outbreak of the COVID-19 pandemic.

The Bloomberg Billionaires Index measures billionaires’ wealth based on stock market fluctuations, the economy, and other information.

Elon Musk, CEO of Tesla and the richest person in the world, currently has a net worth of $201 billion.

On paper, Musk has lost $69.1 billion this year, more than any other billionaire currently on the list of the 50 richest people in the world.

The Tesla founder is in the process of buying Twitter for $44 billion. However, this deal is on hold.

Meanwhile, founder Jeff Bezos’ fortune has dropped by $61.1 billion. Billionaire Bernard Arnault, the richest man in France and chief executive officer of fashion group LVMH Moët Hennessy Louis Vuitton, lost $55.2 billion.

The remaining assets of Mr. Bezos and Mr. Arnault are $131 billion and $123 billion, respectively.

Microsoft co-founder Bill Gates is now worth $116 billion, losing $21.7 billion this year.

The last character in the top 5 richest people in the world, billionaire Warren Buffett of Berkshire Hathaway has a total net worth of 110 billion USD. Unlike the above 4 characters, Mr. Buffett has successfully increased his fortune by $ 1.2 billion in 2022.

Other notable losers in this downturn include the founder and CEO of technology company Meta Mark Zuckerberg, who lost $54.1 billion this year. Google co-founder Larry Page lost $29 billion.

According to a report by Oxfam, the number of billionaires in the world increased by 573 people from March 2020 to March 2022, bringing the total number of global billionaires to 2,668.

The world’s billionaires have suffered significant losses amid the current stock market sell-off that has dragged on for months.

Newspaper Wall Street Journal warned that this situation was happening faster and faster and began to spread outside the technology stocks group. Companies that sold consumer staples, which had avoided most of the damage, also began to suffer losses.

In 2022, the S&P 500 is down 17%, while the Nasdaq Composite is down 26%.

You are reading the article The 50 richest people in the world lost 563 billion USD in just 5 months
at – Source: – Read the original article here

Back to top button