With the effect of the painful processes in the global economy, the fortunes of billionaires have eroded significantly this year.
The painful global economy, which started with the Covid period, entered a troubled period with the accompanying war and inflation events. As an anti-inflation move, the USA’s regular interest rate hikes came to the fore. In addition, the raging war between Russia and Ukraine was also effective. Among all these developments, the squeeze in the economy also affected billionaire names. The collapse in investment, governance and crypto has put billionaires in trouble.
Global Economy Blow to Billionaires Names
With the effect of the painful last year in the global economy, Tesla’s boss Musk, Meta CEO Zuckerberg and Binance CEO CZ’s fortunes melted. Here are those names;
Binance CEO Changpeng Zhao (CZ)
Changpeng Zhao (CZ), the founder of the world’s largest cryptocurrency exchange Binance, has lost billions of dollars this year. CZ’s fortune has melted by $81.1 billion this year. The Binance boss has a net worth of $13.9 billion. CZ is ranked 112th on the Bloomberg Billionaires Index.
Meta (Facebook) founder Mark Zuckerberg
American computer programmer and entrepreneur Mark Zuckerberg, formerly known as the founder of Facebook. Wanting to accelerate his Metaverse initiatives, Zuckerberg rebranded his Facebook company to Meta. Zuckerberg’s net worth moves around $42 billion. Zuckerberg has made a loss of about $83.5 billion this year. The boss of Meta company ranks 27th on the Bloomberg Billionaires Index.
Elon Musk, CEO of Twitter, Tesla and SpaceX
Elon Musk, CEO of SpaceX and Tesla companies, is among the billionaires who never fall on the agenda. Musk recently bought the popular social media platform Twitter. The billionaire, who also welcomes cryptocurrencies, is among the names that lost the most. Elon Musk, who is still the richest person in the world, has lost around $ 100 billion this year. The current wealth of the Twitter boss moves around $169.8 billion.
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