The Russian-Ukrainian war turned the markets upside down, amid the volatility of billionaires’ fortunes, bringing the wealth of the world’s richest billionaires to less than $200 billion.
It comes, as it was Tesla CEO Elon Muskthe only billionaire whose fortune still exceeds this limit as the week draws to a close, before dropping by $13.3 billion on Wednesday to reach $198.6 billion to close the $200 billion club, according to Bloomberg. Al Arabiya.net”.
Tesla shares fell, for the fourth consecutive day, to their lowest level since September, amid a broad decline in stock markets around the world.
Musk has seen $71.7 billion of his wealth lost so far this year, more than the three richest people in the rankings have lost combined, as geopolitical tensions escalate over Ukraine and central banks tighten monetary policies.
Musk’s fortune peaked at $340.4 billion on November 4, when Tesla shares hit a record high.
Amazon co-founder Jeff Bezos, who was the only one besides Musk, whose fortune exceeded $200 billion, did not escape the recent declines, as his fortune lost more than $5.4 billion on Wednesday, to settle at $169 billion.
Billionaires’ losses