Jeff Bezos, founder and president of the Amazon e-commerce company, and the second richest man in the world, lost $ 20 billion of his fortune last week, while the fortune of Binance CEO Chanbig Zhao fell by $ 17.7 billion, as well as Mark Zuckerberg, the head of Meta Corporation, lost $ 10.4 billion.
The past week has been painful for billionaires, as everything from e-commerce and cryptocurrency to online gambling has changed, Bloomberg reported. Markets fell at the highest rates since the outbreak of the epidemic, as the specter of an interest rate hike by the Federal Reserve settled on the economy.
Cryptocurrency prices were among the biggest losses, as the value of Bitcoin fell to its lowest level in six months, and other digital assets also declined. Zhao’s total fortune is now $75 billion, according to the Bloomberg Billionaires Index. The agency pointed out that the five billionaires who top the list of the world’s richest people had together last week secreted $67 billion of their wealth.
Elon Musk, the world’s richest man, saw his net worth fall this week by $25.1 billion, or more than 9%.
Of the 10 other top billionaires in the world, only one avoided losing money this week, the French fashion mogul Bernard Arnaul, who is close to regaining the second place in the list of the world’s richest people.
And the list of the top 10 wealthiest people in the world, according to the Bloomberg Billionaires Index, was as follows:
Elon Musk $243.4 billion
Jeff Bezos $167.6 billion
Bernard Arnault $167.5 billion
Bill Gates $128.6 billion
Larry Page $116.5 billion
Mark Zuckerberg $113.4 billion
Sergey Brin $116.5 billion
Warren Buffett $112.1 billion
Steve Ballmer $110.6 billion
Larry Ellison $106.3 billion