Jeff Bezos, Elon Musk, and Mark Zuckerberg’s net worth dropped by at least $64 billion in 2022

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This 12 months, just a few of the world’s wealthiest and most excellent figures throughout the IT commerce have seen their fortunes fall.

The combined wealth of Amazon CEO Jeff Bezos, Tesla CEO Elon Musk, and Meta CEO Mark Zuckerberg has dropped by $200 billion this 12 months, based mostly on the Bloomberg Billionaires Index. It’s as a result of the monetary system as a complete is slowing down, and people are fearful {{that a}} recession is coming.

To this point in 2022, Bloomberg research that Elon Musk misplaced an online worth of $73.2 billion, whereas Amazon CEO Jeff Bezos misplaced $65.3 billion, and Mark Zuckerberg’s internet worth was diminished by $64.4 billion.

Of the three, Musk has been basically probably the most severely impacted. In step with Bloomberg, Elon Musk’s internet worth peaked in November at nearly $340 billion after which fell to $201 billion closing month. At current, the value is $197.1 billion.

In step with the index, Bezos and Zuckerberg are presently worth $127 billion and $61.1 billion, respectively. In the middle of the pandemic, tech shares hit all-time highs, nonetheless this 12 months there have been large drops because of changes obtainable available in the market and worries about inflation.

In the middle of the week ending Might 10, Amazon’s stock worth fell by higher than 40 p.c from its 52-week extreme of $3,773.08. On April 29, this 12 months, the e-commerce behemoth reported poor Q1 revenue, revealing its first loss in seven years, fueling fears that the epidemic development had mild. This resulted in an 11% decrease.

The Insider revealed closing month that Meta, Fb’s father or mom company, issued an entire hiring halt after the short development in the midst of the epidemic, as its shares had fallen by higher than 40% since November.

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