The fortune of the richest shrink in the world – Bloomberg – RT Business News
[ad_1]
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.
For more stories on economics and finance, visit RT’s business section
You can share this story on social media:
[ad_2]
rt
