Dream - Many billionaires around the world have lost their wealth throughout 2022. The total is nearly US$2 trillion.Â
The decline in billionaire wealth is caused by plummeting technology stock prices, rising interest rates, soaring inflation, and a deteriorating economy.
According to Forbes, the country with the highest number of billionaires who have lost the most wealth is the United States, totaling US$660 billion.
Among the American billionaires whose wealth has declined is Elon Musk, who is the CEO of Tesla, SpaceX, and Twitter. He has experienced the largest decrease in wealth.
Musk's net worth has decreased by approximately US$115 billion in 2022, or around Rp1,807 trillion (at an exchange rate of Rp15,721).
Although Musk has lost his position as the world's richest person this year, he remains the richest person in the United States, with a net worth of nearly US$139 billion as of December 27, 2022.
In addition to Musk, the wealth of these five US billionaires has also declined in 2022. They are:
1. Jeff Bezos
Jeff Bezos is the founder and chairman of Amazon.
Estimated loss in 2022: US$80 billion
Net worth: $106.8 billion as of December 27, 2022
2. Mark Zuckerberg
Mark Zuckerberg is the Co-founder of Meta Platforms (the parent company of Facebook).
Estimated loss in 2022: US$78 billion
Net worth: US$42.7 billion as of December 27, 2022
3. Larry Page
Larry Page is one of the founders and board members of Google.
Estimated loss in 2022: US$40 billion
Net worth: US$76.8 billion as of December 27, 2022
4. Phil Knight
Phil Knight is the founder of Nike.
Estimated loss in 2022: US$18.3 billion
Net worth: US$45.2 billion as of December 27, 2022
5. Leonard Lauder
Leonard Lauder is the heir of The Estée Lauder Companies.
Estimated loss in 2022: US$9.8 billion
Net worth: US$22 billion as of December 27, 2022
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