18 minutes ago10 Billions Who Lost More Money in 2022
Periskopi(4 years ago)
(4 years ago)Increased inflation combined with the economic recession of the past few months have caused reductions in markets and in many sectors of the economy. The first half of the year was marked as a very difficult period for stock markets, similar to the 1970s recession, with the S&P 500 index losing more [...]
The first half of the year was marked as a very difficult period for stock markets, similar to the 1970s recession, with the S&P 500 index losing more than a fifth of its value.
The biggest declines occurred in technology companies.
Since the beginning of the year, Netflix shares have dropped by more than 60%. Meta's stock also dropped by 58%. This means that the wealth of some of the world's richest entrepreneurs, such as Bill Gates, Elon Musk, Jeff Bezos, Bernard Arnauld and of course Mark Zuckerberg, has recorded a visible decline.
According to the serichest, these are the 10 wealthy people who lost billions this year:
1-Bill Gates
Most entrepreneurs on this list have lost large sums of money either because of misappropriations or because of the global financial uncertainty prevalent in recent months. Bill Gates, however, does not belong to this category.
The reason Bill Gates' wealth has been reduced during the year is because he has decided to give large sums of money for donations and charities. By and large, his wealth has fallen by about $27.3 billion this year.
9-Franchois Bettencourt Meyers
The niece of the founder of L Oréal , Francoise Bettencourt Meyers, who is CEO of the famous company, lost $30.7 billion from 33% of her ownership in the company. This comes because of the massive fall of Léréal shares on the stock market in October.
8-Mackenzie Scott
The sharp decline in its wealth is not due to the decline of the stock market, nor the mistreatment. That is because of her good deeds. Scott is one of America's richest heirs after buying 25% of the Amazon after her divorce from the founder of Amazon Jeff Bezos, equivalent to about 4% of the company.
The loss of the former Amazon founder's wife is estimated to be about $37 billion. Forbes reports that in 2019, she committed herself to giving up half of her wealth by signing Guving Pledge.
7 -Serge Breen
Sergey Breen is one of the cofounders and members of the Google board. This year, 2022, lost $38.1 billion after Alphabet, Google's mother company, lost winning projections in the quarter of September due to its failure of its digital advertising division to meet targets.
6-Bernard Arnault
French tycoon Bernard Arnault of LVMH lost $38.2 billion this year. In September alone, the French luxury conglomerate lost about $4.06 billion due to price hikes and interest rate inflation.
However, Reuters reported that LVMH sales improved year-on-year, in part because of the increased purchasing power of American consumers.
5-Larry Page
Google cofounder Larry Page has lost a total of $39.2 billion this year.
4 -Jeff Bezos
At the beginning of the pandemic, Amazon CEO Jeff Bezos became one of the richest people in the world. But this year, the Amazon's worth is down. As a result, Jeff Bezos lost $665.7 billion.
3 -Elon Musk
Musk is in third place on the list. His company's value, Tesla, has dropped by about 43% this year alone due to economic uncertainty. The huge loss was also the result of Titter's purchase by the $44 billion Mousk. As the stock market continues to slide, Tesla's stock price decrease has cost Musk at least $66.4 billion.
2-Changbra Chao
Changbra Chao is the creator of the Biance, who was directly affected by the fall of the crypto market in 2022. He had a total worth of 96 billion dollars and has now lost $72.6 billion.
1-Mark Zuckerberg
For the first time since 2015, Facebook CEO and founder Mark Zuckerberg is outside the ten richest entrepreneurs. He's actually the billionaire who lost more money this year. Forbes reports that the Meta stock price has dropped by 57%, costing Zuckerberg $88.3 billion. /Abcnews.al/
