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Loss of more than $ 1.4 trillion in the last half, loss of many top billionaires including Elon Musk, Jeff Bezos

Loss of further than$1.4 trillion in the last half, loss of numerous top billionaires including Elon Musk, Jeff Bezos 

According to the Bloomberg Billionaires Index, Musk, theco-founder of Tesla, still has the loftiest net worth of$208.5 billion. While Amazon’s proprietor Bezos is in alternate place with a net worth of$129.6 billion. 

The recession caused by the Corona epidemic has affected everyone. From mangoes to the world’s richest people, people have also suffered. According to Bloomberg, Twitter proprietor Elon Musk’s wealth has dropped by about$ 62 billion. There has also been a decline in the wealth of Jeff Bezos by about$ 63 billion. At the same time, Mark Zuckerberg’s net worth has declined by further than half. All told, the world’s 500 richest people lost$1.4 trillion in the first half of 2022( January- June 2022). This is a massive drop, the biggest half- time fall ever for the global billionaire class. 


 Last quarter worst for Tesla 

This is the sharpest drop in thepost-corona period, when governments and central banks launched unknown encouragement measures in the wake of the COVID- 19 epidemic, slashing the value of everything from tech companies to cryptocurrencies. Some high- value stocks and the billionaires who enjoy them are suffering huge losses due to policy makers raising interest rates to deal with rising affectation. Tesla Inc. Last quarter was the worst quarter ever. WhileAmazon.comInc. suffered the most since the fleck- com bubble. 


Musk still the richest man in the world 

Although the deficiency for the world’s richest people is adding , it represents only a modest step towards reducing wealth inequality. According to the Bloomberg Billionaires Index, Musk, theco-founder of Tesla, still has the loftiest net worth of$208.5 billion. While Amazon’s proprietor Bezos is in alternate place with a net worth of$129.6 billion. 

According to the Bloomberg indicator, Bernard Arnault, France’s richest person, is at the third position with a net worth of$128.7 billion, followed by Bill Gates at the fourth position with$114.8 billion. These are the only four with a net worth of over$ 100 billion. At the launch of the time, 10 people in the world exceeded that quantum, including Zuckerberg, who now ranks 17th on the wealth list with$ 60 billion. 

Crypto colonist Changpeng Zhao, who debuted on the Bloomberg Billionaires Index in January with an estimated net worth of$ 96 billion, has seen his wealth drop by nearly$ 80 billion this time amid the fermentation in the digital asset.