The billionaire amongst the billionaires have lost more wealth this year than the total wealth of the richest Indian! How crazy is that?! Tesla boss Elon Musk has lost about $0.6 billion per day that amounts to a cumulative loss of over $100 billion in 2022. To give some perspective, India’s richest billionaire Mukesh Ambani’s total wealth is $96 billion! Damn!
Musk ain’t the only billionaire to lose a considerable amount of wealth during the course of the year. Amazon boss Jeff Bezos and Meta chief Mark Zuckerberg have suffered setbacks too. Cumulatively the trio of Musk, Mark and Bezos have lost a net worth of$200 billion in 2022 alone! Musk’s current net worth is $197 billion while Bezos’ stands at $127 billion and Zuckerberg at $61 billion. Musk’s wealth was at its peak in Jan 2022 when it breached the $300 billion mark.
Tech stocks have been on a sharp decline globally. Amazon’s stocks plummeted over 40 percent in the last quarter. Meta has been going through a gradual slump. Zuckerberg decreed to pause all global hirings. Tesla boss Musk has been ranting about impending recession and job cuts for a while now. Tesla stocks have been on a gradual decline for months now.
Meanwhile, Musk is moving ahead with his Twitter acquisition deal amid all the commotion. On multiple occasions the billionaire crybaby had threatened to walk out of the deal unless an accurate bot/spam estimate in the app is provided. Twitter finally gave in and decided to provide Musk the dirty sink of bots to deal with. G-d only knows what his tech team dissects and diagnoses with the data!
source: Mashable India