The CEO of Tesla, SpaceX and Twitter, Elon Musk, became the first person in history to lose 200 billion dollars (this happened in one year and two months: as of November 2021). In total, for the outgoing 2022, the world’s ten most influential tech billionaires lost $575 billion.
According to the Bloomberg Billionaires Index, Musk’s net worth fell to $137 billion after Tesla’s stock price plunged 11%, though it was estimated at $340 billion in November 2021.
Tesla’s shares fell in price first after Reuters announced the company’s intention to revise the production schedule at the Shanghai plant in January 2023 towards lower indicators.
Then the billionaire’s attempts to sell the automaker’s shares after the acquisition of Twitter for 44,000 million dollars influenced, so that their value fell by 65% and now they are not the businessman’s greatest asset.
After losing around $200 billion, Musk also lost the title of the world’s richest man: In December, it passed to Louis Vuitton Moët Hennessy (LVMH) boss Bernard Arnault.
But not only the owner of Tesla lost his capital in this difficult year, recalls Business Insider.
The world’s ten richest tech billionaires lost a total of $575 billion in 2022 due to falling stocks, rising inflation and tightening rules in the digital advertising market.
Here’s who has lost the most money since January 2022 (Bloomberg data as of December 30):
- Elon Musk, CEO of Tesla, SpaceX and Twitter, lost $132 billion
- Jeff Bezos, founder of Amazon and Blue Origin, lost $85.2 billion
- Changpeng Zhao, co-founder and CEO of Binance, lost $83.3 billion
- Mark Zuckerberg, CEO of Meta*, lost $79.9 billion
- Larry Page, co-founder of Google, lost 45.3 billion dollars
- Sergey Brin, co-founder of Google, lost $44 billion
- Mackenzie Scott, writer and philanthropist, lost $37.3 billion
- Bill Gates, co-founder of Microsoft, lost 28.6 billion dollars
- Zeng Yuqun, president of Modern Amperex Technology, lost $20.7 billion
- Steve Ballmer, former CEO of Microsoft, lost $19.4 billion.
* recognized in the Russian Federation as extremist and prohibited
Author:
Ekaterina Alipova
Source: RB
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
