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World’s 50 richest people have lost half a trillion dollars this yr

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The 50 wealthiest people on the planet have lost greater than half a trillion dollars this yr as a consequence of the tanking stock market, in response to the most recent figures compiled by Bloomberg Billionaires Index.

The the highest 50 richest, which incorporates Tesla CEO Elon Musk, Amazon founder Jeff Bezos, Microsoft co-founder Bill Gates, and French luxury goods magnate Bernard Arnault, have lost a combined $563 billion in net value through May 22, in response to Bloomberg.

Musk, the world’s richest man who has temporarily placed on hold his $44 billion acquisition of Twitter, has lost $69.1 billion — essentially the most of any mogul on the list. He now has a net value of $201 billion.

Bezos, the second richest man, stepped down as CEO of Amazon last yr to give attention to his space travel company Blue Origin. He has seen his net value fall by $61.1 billion. His wealth is now valued at $131 billion.

Musk, the Tesla CEO who’s the world’s richest man, has lost nearly $70 billion because the start of the yr.BRAZIL’S MINISTRY OF COMMUNICATI

Jeff Bezos, the world's second richest person with a net worth of $131 billion, has lost $61.1 billion so far this year.Jeff Bezos, the world’s second richest person with a net value of $131 billion, has lost $61.1 billion thus far this yr.Getty Images

Arnault’s net value is $123 billion. The French billionaire, the third richest man on the planet by virtue of his position as CEO of LVMH Moët Hennessy Louis Vuitton SE, has seen his wealth decline by $52.2 billion this yr.

Gates, the software pioneer who left Microsoft to turn out to be a full-time philanthropist, is value $116 billion. For the reason that start of 2022, his net value has eroded by $21.7 billion.

Warren Buffett, the CEO of Berkshire Hathaway, is one among the few billionaires who has seen his net value rise this yr. Buffett’s wealth is valued at $110 billion — $1.2 billion greater than where it was firstly of 2022.

Mark Zuckerberg, the Facebook founder, saw his fortune shrink by $54.1 billion. He’s now value an estimated $71.4 billion.

One other tech mogul, Google co-founder Larry Page, has seen his net value drop by $29 billion. He now has a net value of $99.4 billion.

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