THE WORLD’S RICHEST 25 PEOPLE LOST $200 BILLION LAST YEAR—JEFF BEZOS’ NET WORTH FELL THE MOST

CNBC – April 5 2023

In case your portfolio had a tough time final 12 months, know you’re not alone.

The richest 25 individuals on the earth misplaced a collective $200 billion in web price in 2022, based on Forbes’ 2023 World Billionaires Checklist launched this week. That brings their collective price right down to $2.1 trillion as of March 10.

Each the variety of billionaires on the earth and their quantity of wealth are down. Whereas 254 individuals misplaced their billionaire standing final 12 months, the remaining 2,640 billionaires misplaced a mixed $500 billion. Embattled FTX founder Sam Bankman-Fried and Kanye West are amongst those that left the membership.

Regardless of Twitter drama and sliding Tesla shares, Elon Musk didn’t wind up shedding probably the most final 12 months, based on Forbes. That title goes to Jeff Bezos, whose web price dropped $57 billion because of a 38% drop in Amazon’s inventory value as of March 10.

Musk ended up shedding simply $39 billion, however dropped from the highest spot to No. 2 within the rankings.

Bernard Arnault, head of luxurious conglomerate LVMH, earned the No. 1 spot after including $53 billion to his web price in 2022, launching him to the highest of the richest checklist for the primary time.

Listed below are the ten richest individuals on the earth as of March 2023, based on Forbes.

1. Bernard Arnualt & household