The 7 billionaires who lost the most money in 2022

Despite being flush with money, seven widespread billionaires, large tech founders and homeowners lost most of their fortunes in 2022. A Washington Post survey reveals that tech billionaires have added: the lack of $433 billion in its property.

  • The losses of seven billionaires exceed 400 billion {dollars}
  • The lack of fairness is linked to the decline in shares of know-how firms
  • Elon Musk is the billionaire who lost the most money throughout the yr

The checklist, in fact, contains Elon Musk, who, after shopping for Twitter, bumped into monetary difficulties in paying the social community and suffered from the depreciation of Tesla shares. But different figures recognized for main large tech like Bill Gates, Jeff Bezos, and many others. additionally seem on the checklist.

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(Image: Shchus/Shutterstock)

It ought to be famous that the figures under have been collected by the Washington Post, the present loss and fairness values ​​have been obtained in response to the December 24 Bloomberg Billionaires Index. The values ​​of this score are continually altering.

Check out the checklist of tech billionaires who lost the most in 2022.

Elon Musk

  • Damage: 132 billion {dollars}
  • Shareholders’ fairness: $139 billion

The survey reveals that the South African billionaire lost a web value of US$132 billion this yr. As the newspaper notes, Tesla’s shares fell by as much as 70% throughout the yr attributable to low demand for electrical vehicles in China.

Another facet that explains the decline in Musk’s inventory is the confusion in shopping for Twitter. To finalize the buy of the social community for $44 billion, the billionaire offered Tesla shares and requested for a $13 billion mortgage.

In one in all the first conferences with Twitter staff, Musk didn’t rule out the chance of chapter of the social community. “We should carry in extra money than we spend. If we do not do this and there is a enormous adverse money stream, chapter just isn’t out of the query,” Musk mentioned in November.

Jeff Bezos

  • Loss: 84.1 billion USD
  • Shareholders’ fairness: $108 billion

The fundamental purpose for the lack of the founding father of Amazon can also be associated to the decline in the shares of know-how firms. Amazon has seen its inventory fall as a lot as 50% in 2022.

Bezos is not CEO of Amazon as of 2021, however stays the firm’s largest shareholder.

From January to March 2022, Amazon posted its first quarterly loss since 2015. In addition, the US retailer introduced huge layoffs this yr to fight the tempo of financial progress and reported that layoffs are anticipated to proceed into 2023.

Mark Zuckerberg

  • Loss: 80.7 billion USD
  • Shareholders’ fairness: 44.8 billion US {dollars}

Zuckerberg’s losses come after heavy investments in the metaverse, which generated extra prices than monetary returns for Meta. In April, the firm introduced that investments with Metaverse had reached roughly US$10 billion.

In 2022, Meta posted its first quarterly income decline, and in February, Facebook lost each day energetic customers for the first time in its historical past.

Larry Page and Sergey Brin

Page:

  • Loss: $44.6 billion
  • Net value. US DOLLAR$ 83.8 billion

Breen

  • Loss: $43.4 billion
  • Net value. US DOLLAR$ 80.2 billion

Sergey Brin and Larry Page added $88 billion in losses in 2022. Google’s founders stepped down from Alphabet’s management roles in 2019, however nonetheless stay as board members and affect the firm’s enterprise.

The search big has been affected by the disaster in the digital promoting market. In July, Google reported its slowest progress in advert gross sales since the second quarter of 2020, when the pandemic led to decrease demand for adverts.

Bill Gates

  • Losses: $28.7 billion
  • Equity: $109 billion

The Microsoft co-founder lost virtually $29 billion in 2022. The billionaire has a number of investments, however Microsoft stays his fundamental enterprise. The firm’s shares are down about 30% this yr.

Steve Ballmer

  • Loss: $20.2 billion
  • Net value. US DOLLAR$ 85.5 billion

The former Microsoft CEO lost greater than $20 billion this yr. Ballmer additionally owns the Los Angeles Clippers basketball staff, however most of his capital comes from Microsoft, which has lost greater than 1 / 4 of its market worth by 2022, in response to the Washington Post.

According to TradeMap knowledge printed by InvestNews, Microsoft has lost 834.2 billion {dollars} since the starting of the yr.

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