The fortune of the richest shrink in the world – Bloomberg – RT Business News


The 500 richest people in the world have lost a cumulative $1.4 trillion since the start of the year, according to Bloomberg’s Billionaires Index.

According to their calculations, the world’s richest were $206 billion poorer on Monday alone.

Changpeng Zhao, the founder of the world’s largest cryptocurrency exchange, Binance, suffered the biggest losses as his fortune shrunk by $85.6 billion year-to-date to $10.2 billion. of dollars.

Tesla and Space X founder Elon Musk ranks second in terms of lost money, after saying goodbye to some $73.2 billion.

Amazon founder Jeff Bezos lost $65.3 billion, while Meta owner Mark Zuckerberg’s wealth shrank by $64.4 billion.

Louis Vuitton Moet Hennessy group chief Bernard Arnault was also unhappy, having lost $56.8 billion so far this year.

The coffers of Russian billionaires did not suffer such huge losses, but their fortunes nevertheless plunged.

NOVATEK chief Leonid Mikhelson lost $7.29 billion, Severstal owner Alexei Mordashov lost $7.4 billion and the wealth of former Chelsea football club owner Roman Abramovich , fell $5.85 billion, Bloomberg estimates.

Analysts have blamed economic conditions for plummeting fortunes, as soaring inflation and interest rate hikes rattle financial markets.

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