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World’s richest including Elon Musk, Jeff Bezos and Mark Zuckerberg lose $1.4 TRILLION in 2022

The world’s 500 richest people, including Elon Musk, Mark Zuckerberg and Jeff Bezos, lost $1.4 TRILLION in 2022 amid skyrocketing interest rates and inflation, the report finds

  • The report finds that only American billionaires — such as Elon Musk, Jeff Bezos and Mark Zuckerberg — have seen their fortunes reduced by about $800 billion

The world’s 500 richest collectively lost $1.4 trillion this year, it has been revealed – a loss caused by skyrocketing interest rates and record inflation.

The decline, announced in a Capgemini World Wealth report Tuesday, represents a stark reversal from last year’s gains, when corporations and billionaires made record profits during the pandemic, while millions of others lost their livelihoods.

The report shows: that only American billionaires – such as Elon Musk, Jeff Bezos and Mark Zuckerberg – have seen their fortunes reduced by about $800 billion.

The world’s two richest, Musk and Bezos, were responsible for about 16 percent of that decline, losing about $65 billion each, the data shows — after watching their wallets swell during the pandemic.

The world's 500 richest have lost a total of $1.4 trillion this year, it has been revealed - a loss caused by skyrocketing interest rates and record inflation

The world’s 500 richest have lost a total of $1.4 trillion this year, it has been revealed – a loss caused by skyrocketing interest rates and record inflation

The drop, announced in a Capgemini World Wealth report Tuesday, represents a sharp reversal from last year's profits, as companies and billionaires raked in record profits during the pandemic while millions of others lost their livelihoods.

The drop, announced in a Capgemini World Wealth report Tuesday, represents a sharp reversal from last year’s profits, as companies and billionaires raked in record profits during the pandemic while millions of others lost their livelihoods.

The report finds that only American billionaires — such as Elon Musk, Jeff Bezos and Mark Zuckerberg — have seen their fortunes reduced by about $800 billion

The report finds that only American billionaires — such as Elon Musk, Jeff Bezos and Mark Zuckerberg — have seen their fortunes reduced by about $800 billion

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The Biggest – And Richest – Losers of 2022

2022 loss ($B) Net Worth ($B)
Changpeng Zhao 85.6 10.2
Elon Musk 73.2 197.1
Jeff Bezos 65.3 127
Mark Zuckerberg 64.4 61.1
Bernard Arnault 56.8 121.2

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