Tech billionaires in the United States of America incurred heavy losses as a result of the decline in technology shares on one bloody night amid growing fears of high inflation with a great possibility of expanding the circle of economic tightening globally .
10 billionaires in the American technology sector lost about $27.4 billion of their wealth in one day, as Tesla CEO Elon Musk's losses were the largest ever after His net worth decreased last Friday by about $15.2 billion; On the impact of the continued decline in Tesla shares.
Musk's fortune has fallen to $268.9 billion, but it is still up 72% this year, according to the Bloomberg Billionaires Index, seen by Al Arabiya Net.
Amazon co-founder Jeff Bezos' net worth fell by $2.7 billion as Amazon shares fell 1.4% in New York, while the fortune of the Oracle co-founder declined, Larry Ellison, about $2.6 billion.
Facebook CEO Mark Zuckerberg's fortune fell by $1.3 billion to $114.7 billion.
Markets are still reacting to rising inflation and the possibility that the Federal Reserve will move forward with a faster curtailment of asset purchases.
