Elon Musk’s fortune has plummeted by about $62 billion. Jeff Bezos’ fortune dropped by approximately $63 billion. Mark Zuckerberg’s fortune has been reduced by more than half.
Overall, the world’s 500 wealthiest people lost $1.4 trillion in the first half of 2022, marking the greatest six-month dip in the global billionaire class’s history.
It’s a stark contrast to the preceding two years, when governments and central banks deployed enormous stimulus measures in the aftermath of the Covid-19 outbreak, boosting the value of everything from internet businesses to cryptocurrency.