Certainly, the gains are as accounted for as the losses. According to Forbes' estimate, the world's billionaires together lost nearly $2 trillion in 2022. From the United States, it was US$ 660 billion lost collectively, triggering the largest loss among all countries. The moment tech stocks were influenced by interest rates, values plummeted. Nonetheless, Elon Muskwas the one that lost the most this year. Check it out in the article.
Of all those who lost, Musk stood out
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Of all the billionaires, the record for the fall is with Elon Musk who, according to Forbes, lost $ 115 billion this year. The owner of Tesla and SpaceX bought Twitter in October for $44 billion, giving up $23 billion of Tesla stock to complete the purchase. After the purchase, Musk said that he will sell the social network as soon as he finds a replacement that can take over the position of CEO.
Meanwhile, Tesla shares plummeted to an incredible 70% in 2022 through the month of December. The justification of investors, who are desperate, is that Elon Musk has lost focus on the brand and needs to focus again as soon as possible.
Because of this, Musk is not the richest person in the world, he lost his position. However, he remains number one among America's richest men, with a net worth valued at nearly $139 billion as of December 27th.
Among the richest in the world, Musk lost the most, but he was not the only one. Another five billionaires had their fortune reached in 2022. Check it out below.
Billionaires who lost a lot of money in 2022
See other billionaires who lost big this year.
1. Jeff Bezos
- Losses in 2022: – US$ 80 billion;
- Current net worth: US$ 106.8 billion;
- Office: President and founder of Amazon.
2. Mark Zuckerberg
- Losses in 2022: – US$ 78 billion;
- Current net worth: US$ 42.7 billion;
- Office: Co-founder of Meta Platforms (company that controls Facebook, WhatsApp and Instagram).
3. Larry Page
- Losses in 2022: – US$ 40 billion;
- Current net worth: US$76.8 billion;
- Office: Co-founder and board member of Google.
4. Phil Knight
- Losses in 2022: – US$ 18.3 billion;
- Current net worth: $45.2 billion;
- Office: Nike president.
5. Leonard Lauder
- Losses in 2022: – US$ 9.8 billion;
- Current net worth: $22 billion;
- Office: The Estée Lauder Companies and Chair Emeritus.
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