The world’s top 10 richest people have lost billions of dollars since 2022 started, except for Warren Buffet.
More Details🧐 The world’s richest person, Elon Musk, has seen his net worth fall by more than $50 billion, while Jeff Bezos has lost over $25 billion.
Both losses stem from the broader tech stocks’ recent tumbles, with Tesla & Amazon down 19% & 13%, respectively, year-to-date (YTD).
Google & Meta founders also saw their net worth fall sharply due to the tech stocks sell-off, with Google’s stock down more than 7% YTD & Meta’s stock down more than 10% YTD.
Why is this Important🤔 Only Warren Buffet, Berkshire Hathaway CEO, has seen his net worth rise in 2022.
Berkshire Hathaway’s diversified portfolio of investments enabled Buffet to increase his net worth in a time when U.S. stock markets have been experiencing sharp declines, especially tech stocks.
