Mark Zuckerberg, Elon Musk, Jeff Bezos lose $60 billion of their wealth in first 6 months of 2022 | Companies News

New Delhi: According to the Bloomberg Billionaires Index, Tesla founder Elon Musk’s fortune fell by virtually $62 billion, Amazon CEO Jeff Bezos’ cash fell by round $63 billion, and Facebook co-founder Mark Zuckerberg’s fortune fell by greater than half within the first half of 2022.

According to the index, the world’s 500 wealthiest individuals misplaced $1.4 trillion within the first half of 2022, the biggest six-month lower within the world billionaire class’s historical past. Read More: Gold value immediately, July 2: Gold charges go up by Rs 930, Check gold fee in Delhi, Patna, Lucknow, Kolkata, Kanpur, Kerala and different cities

According to the index, governments and central banks launched unprecedented stimulus measures within the aftermath of the Covid-19 outbreak, boosting the worth of the whole lot from tech corporations to cryptocurrencies that struck their industries. Read More: Garena Free Fire redeem codes for immediately, July 2: Check web site, steps to redeem

As international locations and governments elevate rates of interest to battle rising inflation, the highest-flying shares and the billionaires who maintain them are quickly shedding altitude.

According to the index, Tesla Inc suffered its worst quarter ever within the three months ending in June, whereas Inc fell by probably the most for the reason that dot-com bubble burst.

Despite shedding greater than $60 billion in wealth, Tesla’s co-founder has the world’s largest fortune, valued at $208.5 billion, with Amazon’s Bezos rating second with a internet value of $129.6 billion.

The rating additionally locations France’s richest particular person, Bernard Arnault, in third place with a fortune of $128.7 billion, adopted by Bill Gates with $114.8 billion.

Musk, Bezos, Arnault, and Gates are the one 4 individuals with fortunes above $100 billion at first of the 12 months. While ten individuals within the globe eclipsed that quantity, together with Zuckerberg, who’s now ranked seventeenth on the checklist with $60 billion.

Changpeng Zhao, the crypto pioneer who debuted on the Bloomberg Billionaires Index in January with an estimated value of $96 billion, had his fortunes plummet by about $80 billion this 12 months because of the upheaval in digital belongings.

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