Jeff Bezos, Elon Musk, and Mark Zuckerberg Have Lost Billions This Year

The 20 richest tech billionaires, including Jeff Bezos and Elon Musk, have collectively lost nearly half a trillion dollars this year.

According to the Bloomberg Billionaires Index, it happens due to the stock market’s sharp decrease.

In addition, this trend has stoked recession fears and pushed stock prices lower.

Even Mark Zuckerberg’s net worth fell by $11.2 billion on Thursday alone.

Zuckerberg’s companies, Facebook and Meta, lost a quarter of their value related to their big bet on the metaverse project.

His wealth has fallen by more than $87 billion this year, leaving Zuckerberg with a current net worth of $37.7 billion.

Therefore, Mark Zuckerberg only becomes the 28th richest in the world now.

Tech moguls like Jeff Bezos ( and Elon Musk enjoyed strong growth at the beginning of the Covid-19 pandemic.

However, they are experiencing the pain of high inflation and slowing digital advertising growth at the moment.

Many tech companies are controlling costs and monitoring head count now, including

Elon Musk, the chief executive of SpaceX, Tesla, Boring Co., and Neuralink Corp, is currently the world’s richest person.

Musk becomes the media darling nowadays after acquiring Twitter with such drama and controversy.

Besides Mark Zuckerberg, other rich people like Larry Page and Sergey Brin also saw their net worth dented.