No Result
View All Result
Newsletter
Anuj Tikku
  • Home
  • Travel
  • Bollywood
  • Fiction
  • Non-Fiction
  • Audio Books
  • KDP Books
    • English Books
    • Hindi Books
    • Other Books
  • About Us
  • Contact Us
  • My account
  • Home
  • Travel
  • Bollywood
  • Fiction
  • Non-Fiction
  • Audio Books
  • KDP Books
    • English Books
    • Hindi Books
    • Other Books
  • About Us
  • Contact Us
  • My account
No Result
View All Result
Anuj Tikku
Home Technology

How the World’s 500 Richest Billionaires, including Elon Musk and Mark Zuckerberg, Lost $1.4 Trillion a Year

admin by admin
January 3, 2023
in Technology
0 0
0
How the World’s 500 Richest Billionaires, including Elon Musk and Mark Zuckerberg, Lost $1.4 Trillion a Year
Share on FacebookShare on Twitter

Global fortunes were wiped out by ultra-rich tech founders, but secretive families and pro sports owners survived relatively unscathed.

By Devon Pendleton on December 29, 2022, at 8:29 PM GMT+5:30 Share this article New Gift this article For the vast majority of the wealthiest people in the world, 2022 was a year they will never forget.

Even though the amount of money lost was staggering, the Bloomberg Billionaires Index estimates that almost $1.4 trillion was taken out of the wealth of the 500 richest people. A lot of the aggravation, it ends up, was self-caused: the alleged fraud perpetrated by former crypto guru Sam Bankman-Fried; the devastating war that Russia fought in Ukraine, which led to crippling sanctions against its leading businessmen; furthermore, obviously, the jokes of Elon Musk, the new proprietor of Twitter who’s valued at $138 billion short of what he was on Jan. 1.

The year was a dramatic downturn for a group of billionaires whose fortunes soared to unimaginable heights during the Covid era of easy money. This was combined with a backdrop of widespread inflation and aggressive central bank tightening. Most of the time, the fall is more dramatic the larger the rise: Musk, Jeff Bezos, Changpeng Zhao, and Mark Zuckerberg all had their combined net worth reduced by $392 billion.

The billionaire class wasn’t all down, though. On the wealth index, India’s Gautam Adani surpassed Warren Buffett and Bill Gates, and some of the world’s richest families, such as the Kochs and the Mars family, also increased their wealth. Sports franchises have only increased in value, making them increasingly difficult to acquire for anyone outside of the top 0.0001 percent.

admin

admin

Facebook Twitter Pinterest Instagram

About Me

Anuj Tikku is a famous Bollywood actor and author, who has worked in several big-budget Bollywood films and commercials. He has also authored forty fictional and non-fictional books. He has an engineering degree from the University of Manchester and a management degree from IMT Ghaziabad. He currently runs a book blog called www.anujtikku.com and has spoken in several blogger conferences as a motivational speaker.

Our Policy

  • Privacy Policy
  • Terms and Conditions
  • Refund and Returns Policy

Tags

abyss Adventure Africa antananarivo Anuj Tikku Baba Ramdev Bandhavgarh beach Blog Blogging for Gold bollywood Camera dance Delhi Food From Russia With Love GoPro Haridwar Hindi India Kavita Kumble Kerala Life & Living love madagascar Madhya Pradesh Malayalam Mehman night life People Photography religion Russia safari sea Shiva sunrise Tanzania temple Tigergarh Travel Travelthon Ukraine Uttarakhand wildlife

© 2022 Design & Dev By Anuj Tikku Team

No Result
View All Result
  • Home
  • Travel
  • Bollywood
  • Fiction
  • Non-Fiction
  • Audio Books
  • KDP Books
    • English Books
    • Hindi Books
    • Other Books
  • About Us
  • Contact Us
  • My account

© 2022 Design & Dev By Anuj Tikku Team

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist