Bezos, Musk and Zuckerberg lost $55 billion  in a week

Bezos, Musk and Zuckerberg lost $55 billion in a week

access_time2022-01-25 10:00:06

At the end of last week, numerous shares in technology companies came under massive pressure. For example, the Netflix shares lost more than 20 percent in value within a few hours due to a gloomy forecast. Crypto currencies and other IT companies such as Facebook and Amazon were also affected by the massive sell-off. And the share price of the electric car manufacturer Tesla has also collapsed. That cost the company founders billions.

According to the financial intelligence service  Bloomberg Tesla CEO Elon Musk lost a whopping $25 billion last week. Amazon founder Jeff Bezos was hit just as hard. His fortune has shrunk by $20 billion. And Facebook founder Mark Zuckerberg has lost the stock of Meta (Facebook parent company) by 10 billion dollars. In total, the three gentlemen lost 55 billion dollars.

But you don’t have to have real sympathy for the three super-rich. Because their fortunes are still impressive. Musk’s is currently estimated at around $243 billion, Bezos is around $168 billion and Zuckerberg shouldn’t be forced to save due to his remaining $113 billion. In addition, the past few months have shown that share prices can rise just as quickly as they have now fallen. (red)


Similar News

Russia suspends electricity supply to Finland

access_time 2022-05-19 00:06:31

Musk Mad Tesla Removed from S&P 500 ESG Index

access_time 2022-05-19 08:55:36