The following five technology billionaires lost a total of $378 billion on the market in 2022
In the year 2022, the technology scene was especially interesting. In the uncertain times of 2022, there were many billionaires who lost fortunes. Despite the fact that the total number of billionaires in the world lost nearly $2 trillion in 2022, we wish to focus our attention on the top five losers in the technology industry where $378 billion was lost.
The ship belongs to Elon Musk
A man who was worth $220 billion at the peak of his wealth in November 2021 is the first billionaire to lose more than $100 billion in a calendar year. This is a world record. Here is a man who was worth $320 billion at his peak.
According to Musk's tax returns, he was worth $147 billion at the end of 2022, when he announced his $44 billion takeover of Twitter in mid-April 20 But Musk lost a lot of that value as Tesla shares have fallen by 65% since Musk announced his $44 billion takeover announcement.
Even though he lost the crown of the richest person in the world in 2022 to LVMH Chairman and CEO Bernard Arnault, the South African-born boss of Tesla, Twitter, and the largest social network in the world, he is still the wealthiest American in the country.
Amazon founder Jeff Bezos – $85b
Amazon's CEO Jeff Bezos is reported to have lost $85 billion in 2022, according to Forbes. It is estimated that Amazon's shares fell by 50% by the end of 2022, which is 17 percentage points worse than the tech-heavy Nasdaq.
With a net worth of $102 billion, Forbes Real Time Billionaires ranked Bezos as the fourth richest person in the world. Nevertheless, on the Bloomberg Billionaires Index, Bezos was ranked fifth with a net worth of $108 billion.
Mark Zuckerberg - 77 billion dollars
In 2022, the shares of Mark Zuckerberg's company Meta Platforms (formerly Facebook) plunged by 64% and dropped by an estimated $77 billion, as his founder Mark Zuckerberg was pushed out of the top ten richest people in America for the first time since 20 He dropped out of the top ten richest people for the first time since 201 In 2008, just four years after founding Facebook, he became a billionaire for the first time.
Google co-founders Larry Page ($46 billion) and Sergey Brin ($45 billion)
It has been reported that the fortunes of Google cofounders, Sergey Brin and Larry Page, each declined nearly $45 billion over the past few months as Alphabet shares declined by 39%.
In its third quarter, Alphabet reported revenues of $69 billion, an increase of 6% from last year, but a decrease from analyst expectations of $70.9 billion. In a third-quarter report, Alphabet failed to meet earnings expectations.