World’s 500 richest people including Elon Musk, Mark Zuckerberg and Jeff Bezos have lost $1.4 TRILLION in 2022 amid rocketing interest rates and inflation, report finds
- The report shows that US billionaires alone – such Elon Musk, Jeff Bezos, and Mark Zuckerberg – have seen their fortunes cut by roughly $800 billion
The world’s 500 wealthiest lost a combined $1.4 trillion this year, it has been revealed – a loss spurred by rocketing interest rates and record inflation.
The decrease, announced in a Capgemini World Wealth report Tuesday, represents a stark turnaround from gains seen last year, when corporations and billionaires raked in record profits during the pandemic, as millions others lost their livelihoods.
US billionaires – such Elon Musk, Jeff Bezos, and Mark Zuckerberg – have seen their fortunes cut by roughly $800 billion, placing them among the biggest losers of the bombshell report.
The report showed a loss of $206 billion on Monday alone.
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The world’s 500 wealthiest lost a combined $1.4 trillion this year, it has been revealed – a loss spurred by rocketing interest rates and record inflation
![The decrease, announced in a Capgemini World Wealth report Tuesday, represents a stark turnaround from gains seen last year, when corporations and billionaires raked in record profits during the pandemic, as millions others lost their livelihoods](https://i.dailymail.co.uk/1s/2022/06/14/13/57853289-10915201-The_world_s_second_richest_man_Jeff_Bezos_kept_up_his_attacks_on-m-2_1655209961760.jpg)
The decrease, announced in a Capgemini World Wealth report Tuesday, represents a stark turnaround from gains seen last year, when corporations and billionaires raked in record profits during the pandemic, as millions others lost their livelihoods
![The report shows that US billionaires alone - such Elon Musk, Jeff Bezos, and Mark Zuckerberg - have seen their fortunes cut by roughly $800 billion](https://i.dailymail.co.uk/1s/2022/06/14/13/53780785-10915201-Facebook_stock_has_ended_its_sharp_sell_off_after_CEO_Mark_Zucke-a-3_1655210080287.jpg)
The report shows that US billionaires alone – such Elon Musk, Jeff Bezos, and Mark Zuckerberg – have seen their fortunes cut by roughly $800 billion
![](https://i.dailymail.co.uk/1s/2022/06/14/13/59054721-10915201-image-a-18_1655210290248.jpg)
The two richest in the world, Musk and Bezos, accounted for roughly 16 percent of the decrease seen among US billionaires, the data revealed.
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Read more at DailyMail.co.uk