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Musk, Bezos and gates, the three super rich, lost 115% in value in five months

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. The net assets of Elon Musk, the world's richest man, Jeff Bezos, the founder of Amazon, and Bill Gates, the co-founder of Microsoft, decreased by a total of $115billion

according to the Bloomberg billionaire index, Musk's assets have shrunk by $46.4 billion, Bezos has shrunk by $53.2 billion, and Gates' assets have shrunk by $15.1 billion. As of last Friday, Musk's net assets were $224billion, Bezos $139billion and gates $123billion

Bernard Arnault, chairman of LVMH group, a French luxury group, is currently the third richest person in the world. Since January this year, his assets have shrunk by $44.7 billion to $133billion

most of Musk's and Bezos' wealth are linked to Tesla's and Amazon's shares, respectively. They are the current and former chief executives of the two companies. However, Gates has a relatively small stake in Microsoft, which he co founded with others

musk holds 15.6% of Tesla's shares, worth about $122billion. The company's share price has fallen nearly 37% so far this year

in April this year, musk acquired 9.2% of the shares of twitter, which made investors question whether he could concentrate on managing Tesla, leading to a sharp drop in Tesla's share price. Musk has sold $8.4 billion worth of Tesla shares to fund its acquisition

Gates' more diversified portfolio helped him survive the stock market sell-off. The bill and melindagates foundation is a charitable organization jointly established by gates and his ex-wife. It mainly invests in Warren Buffett's Berkshire Hathaway, whose share price has risen 5% this year

however, Gates' other investments, including his investment company cascade investments (investing in technology companies such as apple), have experienced a more bumpy journey. In the face of inflationary pressure and declining consumer confidence, technology stocks have experienced a sharp correction in recent months

Bezos currently holds about 50million shares of Amazon, worth about $115billion. The stock has fallen by nearly a third this year, but its market value is still nearly $1.2 trillion. Tesla's share price, after falling nearly 37%, now has a market value of about $786billion. (small)


2023-03-22 10:04:53

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