Home Business Tesla CEO Elon Musk’s fortune plummeted to nearly $62 billion

Tesla CEO Elon Musk’s fortune plummeted to nearly $62 billion

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In the first half of this year, the wealth of the world’s 500 richest people fell by $1.4 trillion. This is because the stock market plummeted on fears of a recession as central banks around the world raised interest rates to keep up with the skyrocketing inflation.

Bloomberg reported on the 2nd (local time) that the wealth of the world’s 500 wealthiest people declined by $1.4 trillion during the first half of this year, citing its Billionaires Index. The sharp decline in the wealth of global billionaires is different from the dramatic increase in the wealth of the rich over the past two years as governments and central banks poured in stimulus measures due to the COVID-19 pandemic.

Tesla CEO Elon Musk’s fortune plummeted to nearly $62 billion, and the second billionaire, Jeff Bezos, founder of Amazon, also had a fortune of $63 billion. suffered a loss Despite the huge losses, Musk currently owns the world’s most at $208.5 billion (about 27.63 trillion won), and Bezos has $129.6 billion. The number of billionaires with more than $100 billion has fallen sharply from 10 at the beginning of this year to just four by the end of June.

Two of India’s energy conglomerates were rather wealthy thanks to the reflection of rising raw material prices such as oil.

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I am a contributor to Advancetec.co.uk. I am fascinated by technology overall, especially crypto and it's potential to disrupt the global financial system. But until that future comes, I am perfectly content immersing myself in gaming, movies, gadgets, and all of the other wonders of the modern world.