The value of losses incurred by billionaires around the world amounted to about $ 2 trillion in 2022.
According to Arabia Net, a report by Forbes magazine showed that billionaires in the United States alone have lost $660 billion, which is equivalent to a third of the total value globally. Due to the decline in stock prices of technology companies due to high interest rates, high inflation rates, and a deteriorating economy.
Among American billionaires, the wealth of the billionaire founder of Tesla and SpaceX and the new CEO of the Twitter platform, Elon Musk, decreased at the most pace among billionaires, and by $ 115 billion this year, according to Forbes data.
Tesla's share price has fallen by nearly 70% since the beginning of the year until the close of trading on Tuesday. Tesla investors have long been calling on its board of directors to get Musk to refocus on the electric car company.
Although Musk lost his spot as the richest person in the world this year, he remains the richest person in the United States, with a net worth of nearly $139 billion as of December 27, according to Forbes.
Here's how much 5 other American billionaires will lose in 2022.
1. Jeff Bezos - Founder and CEO of Amazon
Estimated 2022 losses: $80 billion
Net worth: $106.8 billion as of December 27
2. Mark Zuckerberg - Co-Founder, Meta Platforms
Estimated 2022 losses: $78 billion
Net worth: $42.7 billion as of December 27
3. Larry Page - Co-Founder and Board Member, Google
Estimated 2022 losses: - $40 billion
Net worth: $76.8 billion as of December 27
4. Phil Knight - President of Nike
Estimated 2022 losses: $18.3 billion
Net worth: $45.2 billion as of December 27
5. Leonard Lauder - President Emeritus of Estée Lauder Companies
Estimated 2022 losses: $9.8 billion
Net worth: $22 billion as of December 27
Sam Bankman Fried went from Fortune cover star to would-be criminal. The founder and former CEO of cryptocurrency exchange FTX, now accused of fraud, disappeared after FTX filed for bankruptcy on November 11.
