Other Top Billionaires

Other Top Billionairesp: With policymakers now raising interest rates to combat elevated inflation, some of the highest-flying shares — and the billionaires who own them — are losing altitude fast.

Elon Musk’s fortune plunged by almost $62 billion. Jeff Bezos saw his wealth tumble by about $63 billion. Mark Zuckerberg’s net worth was slashed by more than half.

All told, the world’s 500 richest people lost $1.4 trillion in the first half of 2022, a dizzying decline that marks the steepest six-month drop ever for the global billionaire class.

Elon Musk, Jeff Bezos, Other Top Billionaires Lose $1.4 Trillion in 6 Months; Know Why

It’s a sharp departure from the previous two years, when the fortunes of the ultra-rich swelled as governments and central banks unleashed unprecedented stimulus measures in the wake of the Covid-19 pandemic, juicing the value of everything from tech companies to cryptocurrencies

With policymakers now raising interest rates to combat elevated inflation, some of the highest-flying shares — and the billionaires who own them — are losing altitude fast. Tesla Inc. had its worst quarter ever in the three months through June, while Amazon.com Inc. plummeted by the most since the dot-com bubble burst.

The Super, Super Rich: 20 People Worth More than $50 Billion

Though the losses are piling up for the world’s richest people, it only represents a modest move toward narrowing wealth inequality. Musk, Tesla’s co-founder, still has the biggest fortune on the planet, at $208.5 billion, while Amazon’s Bezos is second with a $129.6 billion net worth, according to the Bloomberg Billionaires Index.

Bernard Arnault, France’s richest person, ranks third with a $128.7 billion fortune, followed by Bill Gates with $114.8 billion, according to the Bloomberg index. They’re the only four that are worth more than $100 billion — at the start of the year, 10 people worldwide exceeded that amount, including Zuckerberg, who is now 17th on the wealth list with $60 billion.

Indian billionaires held on to 99% of their wealth while the rest of the world lost over $1 trillion

Changpeng Zhao, the crypto pioneer who debuted on the Bloomberg Billionaires Index in January with an estimated fortune of $96 billion, has seen his wealth tumble by almost $80 billion this year amid the turmoil in digital assets.

Contrarian Impulse

Still, the billionaire class has amassed so much wealth in recent years that not only can the vast majority withstand the worst first half since 1970 for the S&P 500 Index, but they’re likely looking for bargains, said Thorne Perkin, president of Papamarkou Wellner Asset Management.

Billionaire industrialist Mukesh Ambani’s son to lead Reliance telecom unit

“Often their mindset is a bit more contrarian,” Perkin said. “A lot of our clients look for opportunities when there’s trouble in the streets.”

That held true in the first half of the year in some of the most distressed corners of the global financial markets.

Vladimir Potanin, Russia’s wealthiest man with a $35.2 billion fortune, acquired Societe Generale SA’s entire position in Rosbank PJSC earlier this year amid the fallout from Vladimir Putin’s invasion of Ukraine. He also bought out sanctioned Russian mogul Oleg Tinkov’s stake in a digital bank for a fraction of what it was once worth.

Here Are The Billionaires With The Largest Twitter Following

Sam Bankman-Fried, chief executive officer of crypto exchange FTX, bought a 7.6% stake in Robinhood Markets Inc. in early May after the app-based brokerage’s share price tumbled 77% from its hotly anticipated initial public offering last July. The 30-year-old billionaire has also been acting as a lender of last resort for some troubled crypto companies.

The most high-profile buyout of all belonged to Musk, who reached a $44 billion deal to buy Twitter Inc. He offered to pay $54.20 a share; the social-media company’s stock traded at $37.44 at 10:25 a.m. in New York.

The world’s richest man said in an interview with Bloomberg News Editor-in-Chief John Micklethwait last month that there are “a few unresolved matters” before the transaction can be completed.

Elon Musk, Jeff Bezos, Other Top Billionaires Lose News18

https://www.news18.com › news › business › elon-musk-j

Search for: Who has highest net worth

Real Time Billionaires – Forbes

https://www.forbes.com › real-time-billionaires

ranknameNet WorthchangeagesourceCountry/Te…

1 Elon Musk $219.3 B ▶ $2.9 B | ‑1.30% 51 Tesla, SpaceX United Stat…

2 Bernard Arnault & family $146.7 B ▶ $2.7 B | ‑1.81% 73 LVMH France

3 Jeff Bezos $131.9 B ▶ $2.7 B | ‑2.01% 58 Amazon United Stat

Forbes Billionaires 2022: The Richest People In The World

https://www.forbes.com › billionaires

Newcomers: Rihanna, Peter Jackson And 234 Others Debut This Year ; 1. Elon Musk. $219 B ; 2. Jeff Bezos. $171 B ; 3. Bernard Arnault & family. $158 B ; 4. Bill 

Top 10 richest people in the world – Business Insider India

https://www.businessinsider.in › business › news

16-Jun-2022 — 1. Elon Musk – $215.6 billion ; 3. Jeff Bezos – $133.4 billion ; 4. Bill Gates – $122.4 billion ; 6. Gautam Adani and family – $97.2 billion ; 7.

Top 10 Richest People in the World (June 2022) – Investopedia

https://www.investopedia.com › … › Rich & Powerful

Billionaires with the largest increases in their wealth in 2021 included Musk, LVMH Chair and CEO Bernard Arnault, Google co-founder Larry Page, and L’Oreal 

The World’s Billionaires – Wikipedia

https://en.wikipedia.org › wiki › The_World’s_Billionai

For the first time, Jeff Bezos was listed as the top billionaire due to Amazon’s rising stock price that resulted in one person’s biggest one-year gain in 

The richest people in the world: billionaires across the globe

https://www.cbsnews.com › pictures › richest-people-in

08-Apr-2022 — As of Forbes’ latest update to its annual billionaires list, there were 2668 billionaires in the world. … Here’s the top 20.

Top 10 Richest People in the World – GOBankingRates

https://www.gobankingrates.com › business-people › ri

4 days ago — 1. Elon Musk · 2. Bernard Arnault · 3. Jeff Bezos · 4. Bill Gates · 5. Larry Page · 6. Gautam Adani · 7. Larry Ellison · 8. Warren Buffett.

There Are Now 2 Indians In Top 10 Richest Billionaires Of …

https://www.india.com › Business

12-Apr-2022 — 1. Elon Musk · 2. Jeff Bezos · 3. Bernard Arnault and family. Bernard Arnault with a wealth of $166.4 billion is the third richest billionaire in 

Ambani, Adani and the other top 10 richest Indians on 

https://indianexpress.com › Business

09-May-2022 — Despite the coronavirus pandemic, which was raging last year, the 36th-annual ranking of billionaires across the world, had several Indians 

 Leading billionaires worldwide 2022 | Statista

https://www.statista.com › … › Economy

22-Jun-2022 — The world’s leading billionaires as of January 2022, based on net worth (in billion U.S. dollars) ; Jeff Bezos (United States), 184.8 ; Bill Gates 

Bloomberg Billionaires Index

https://www.bloomberg.com › compare-individuals

View profiles for each of the world’s 500 richest people, see the biggest movers, and compare fortunes or track returns. ; #1. Elon Musk. $210B ; #2. Jeff Bezos.

Bloomberg Billionaires Index – Jeff Bezos

https://www.bloomberg.com › billionaires › profiles › j

The Seattle-based company sells electronics, household goods and other products through its … of the top 200 U.S. executives’ total awarded compensation.

Elon Musk, Jeff Bezos, Mark Zuckerberg Other Top Billionaires

https://nextbigwhat.com › News

10 hours ago — Elon Musk’s fortune plunged almost $62 billion. Jeff Bezos saw his wealth tumble by about $63 billion. Mark Zuckerberg’s net worth was slashed 

The Richest People in the World in 2022 – Visual Capitalist

https://www.visualcapitalist.com › richest-people-in-the

29-Mar-2022 — As billionaire wealth accumulates at a remarkable speed, … Gautam Adani saw his fortune rise more than any other in this top 10 list.

Billionaires by Country 2022 – World Population Review

https://worldpopulationreview.com › country-rankings

Country# of BillionairesBillionaires per million people

United States 724 1.853

China 698 0.276

India 237 0.171

View 68 more rows

Wealth Of World’S Top 10 Billionaires Doubled During Covid 

https://www.cnbctv18.com › world

17-Jan-2022 — The wealth of Tesla founder Elon Musk and nine other billionaires grew at the pace of $1.3 billion a day between March 2020 and October 2021 

Updates: Billionaire Wealth, U.S. Job Losses and Pandemic 

https://inequality.org › Blogging Our Great Divide

06-May-2022 — Tax wealth like work. People with more than $1 million a year in income will have to pay a top tax rate on the sale of stock and other assets 

The billionaires are bleeding. Elon Musk, Jeff Bezos and other 

https://www.morningstar.com › news › marketwatch › t

19-May-2022 — Elon Musk, Jeff Bezos and other top earners have lost nearly $200 billion in 2022. Provided by Dow Jones. May 19, 2022 7:19 AM PDT

 

 

 

 

 

 

 

 

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