Investorideas.com

Call 800 665 0411 to learn about our services

Search   Follow Investorideas on Twitter   Investorideas is on Facebook   Investorideas is on Youtube   Investorideas is on Pinterest  Investorideas is on stocktwits   Investorideas is on tumblr   Investorideas is on LinkedIn   Investorideas Instagram   Investorideas Telegram   Investorideas Gettr   Investorideas RSS



Share on StockTwits

2022 Is the Steepest Six-Month Drop Ever for the Global Billionaire Class, Losing a Total of $1.4T

 

August 10, 2022 (Investorideas.com Newswire) TradingPlatforms.com recently released an analysis of the world's 500 richest persons, and the results are staggering. The site holds that these individuals lost a combined $1.4 trillion, the steepest decline that the global billionaire class has registered in the first half of any year.

"Interest rates have been rising lately, and that has been bad news for some of the biggest names in the stock market," TradingPlatforms Edith Reads. She adds, "These companies have been among the biggest winners on global stock markets recently, but they are now feeling the pain as central banks raise interest rates to mitigate ballooning inflation."

The Biggest Losers

According to the Bloomberg Billionaires Index, Binance's Changpeng Zhao saw his wealth fall by $78.9 Billion in the last six months. That made him the biggest loser on the list. The Canadian investor's fortune hit as the price of Bitcoin and other digital currencies tumbled.

Mark Zuckerberg lost $65.5 billion in the first half of 2022, the second biggest drop ever for a person on Bloomberg's list. Meanwhile, Jeff Bezos ($63B) and Elon Musk ($62B)recorded the third and fourth biggest losses among the billionaires.

Musk Retains The Pole Position Despite His Losses

Even after their recent losses, these men are still staggeringly wealthy. According to the Bloomberg Billionaires Index, Musk retains the world's richest person title with a net worth of $208.5 billion.

Meanwhile, Amazon's Bezos is second with a net worth of $129.6 billion. So while their fortunes have shrunk, it has done very little to narrow the gulf between them and everyone else.

The index lists Bernard Arnault as the third richest person in the world, with a fortune of $128.7 billion. Bill Gates follows him in the fourth spot with $114.8 billion.

The four are the only people worth over $100 billion, whereas there were ten such billionaires globally at the year's start. The full story and statistics can be found here: 2022 Is the Steepest Six-Month Drop Ever for the Global Billionaire Class, Losing a Total of $1.4T

More Info:

Investorideas.com Newswire

This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders


Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp


Follow Us on StockTwits