The world's wealthy will lose $2 trillion in 2022
There is no doubt that the year 2022 was the worst for the world's billionaires, after they added a lot of money to their wealth in 2020 and 2021, but in 2022 the world's wealthy lost about $ 2 trillion.
A new study published by Forbes magazine, on the wealth of the world's wealthy in 2022, stated that the past 12 months witnessed a significant decline in their collective wealth, due to the shaky stock markets, the war between Russia and Ukraine, and the rampant inflation in all countries of the world.
Billionaires on the planet have lost nearly $2 trillion.” This is what Forbes magazine revealed in its new study on the wealth of the world’s wealthy in 2022, pointing out that the number of billionaires also decreased from 2671 to 2523 billionaires, as prominent poles of the world’s wealthy were dropped. As Sam Bankman-Fried, founder of the FTX cryptocurrency exchange.
And Forbes stated that 300 billionaires around the world collectively lost more than a trillion dollars in 2022, after two tumultuous years when the Corona epidemic led to a boom in investors, an increase in technology stocks and the valuations of emerging companies, but with the start of the war between Russia and Ukraine, things fell back again, so companies resorted to cutbacks. costs, layoffs and IPO withdrawals.
Elon Musk.. the world's most prominent losers in 2022
The most prominent loser among the world's wealthy in 2022 was billionaire Elon Musk, who at the beginning of the year was the richest person on the planet, but he lost a large part of his wealth, with Tesla's stock declining by 60%, due to his preoccupation with the company managing Twitter.
This has raised concerns about the possibility of a significant loss in electric car maker Tesla and space rocket maker SpaceX.
According to Forbes magazine, Elon Musk, who was first on the list of the world's richest people in 2022, lost about $ 115 billion of his wealth over the course of 12 months, losing the title of the richest person on the planet by a huge margin, in favor of the French billionaire Bernard Arnault, who owns a group of companies that Sells luxury products.
At the same time, the world's wealthy tried to compensate for their loss by making decisions in their companies to cut costs, lay off workers, and withdraw public subscriptions, as Amazon led a plan to lay off workers after its founder, Jeff Bezos, lost more than $ 80 billion.
While the Meta company led a campaign to lay off more than 11,000 employees around the world, after Mark Zuckerberg, CEO of the company, lost $ 78 billion of his wealth during 2022.
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