Elon Musk, Jeff Bezos and Bill Gates lost 50 billion dollars of their fortunes, why?

Bill Gates, Elon Musk, Jeff Bezos, Warren Buffett, are some of the millionaires who lost 50 billion dollars of their combined fortunes. Here we tell you what was the reason.

The stock market crash caused 10 of the richest men in the world lost millions of dollars. For example, Elon Musk’s bank account suffered a reduction of 8 billion dollarsas Tesla shares fell 4 percent.

Musk wasn’t the only billionaire to be hurt by the stock market crash. Jeff Bezos almost 10 billion dollars of his total fortune, this because Amazon shares fell 7 percent in value, as reported by Bloomberg.

For their part, the co-founders of Alphabet, Larry Page and Sergey Brinalso known as “Google Guys” they lost approximately 5 billion dollars, respectively. It should be mentioned that this reduction in their fortunes was due to the 6 percent drop in the tech giant’s shares.

The stock market also affected microsoftthe shares of this company fell by 5 percent, which meant a loss of $3 billion for Bill Gates.

The bank account of Warren Buffet it was also not spared from the stock market crash. Shares in his company, Berkshire Hathaway, fell, causing the financial guru to lose. 3 billion dollars.

While, Larry Ellison’s fortune fell by $2 billion, as Oracle shares also reported a drop. Also, the price of Meta’s shares plummeted, so the fortune of Mark Zuckerberg decreased $6 billion.

Now, the heritage of Bernard ArnaultCEO of Louis Vuitton Moët Hennessy, was reduced by 4 billion dollars.

It should be noted that Jeff Bezos and Mark Zuckerberg the entrepreneurs who have had the most economic losses are listed; since early January their fortunes have dwindled considerably.

Finally, on September 13, 2022, the combined wealth of the 10 richest men in the world registered a decrease of 295 billion dollars in the year.

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Bill Gates, Elon Musk, Jeff Bezos, Warren Buffett, are some of the millionaires who lost 50 billion dollars of their combined fortunes

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Elon Musk, Jeff Bezos and Bill Gates lost 50 billion dollars of their fortunes, why?