How Elon Musk, Mark Zuckerberg and the World’s 500 Richest Billionaires Lost $1.4 Trillion in a Year

While secretive families and professional athletes escaped relatively unscathed, the ultra-wealthy tech founders have led the destruction of property around the world. It was a year to forget.

The money loss was staggering, but according to Bloomberg His Billionaires Index, the wealth of his 500 richest people alone lost about $1.4 trillion. Many of the disasters turned out to be self-inflicted. Former cryptocurrency genius Sam Bankman-Fried faces fraud allegations. Russia’s devastating war in Ukraine has resulted in economic sanctions against its big companies. And, of course, Twitter’s new owner Elon Musk is worth $138 billion less than he was on January 1st. These are just a few of the recent headlines.

Content Source: https://businessdor.com/how-elon-musk-mark-zuckerberg-and-the-worlds-500-richest-billionaires-lost-1-4-trillion-in-a-year/

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