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Elon Musk Photo: Reuters
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The richest technology tycoons in the United States have lost tens of billions of dollars of their collective wealth amid falling technology prices due to fears of inflation and economic tightening, Bloomberg reports. investor.
Elon Musk’s net worth fell $ 15.2 billion on Friday, the biggest drop among tech billionaires since Tesla’s stock continued to lose. Thus, Musk’s fortune is already estimated at 268.9 billion dollars, which is still a growth of 72% since the beginning of the year, according to the Bloomberg Billionaires Index.
Jeff Bezos’ net worth fell $ 2.7 billion after Amazon.com’s share price fell 1.4 percent in New York and Oracle co-founder Larry Ellison wrote off $ 2.6 billion you are. Mark Zuckerberg’s fortune fell $ 1.3 billion to $ 114.7 billion. He recently renamed his company Meta Platforms after a nearly 20 percent drop in Facebook’s share price from its peak recently.
Markets continue to respond to accelerating inflation and the likelihood that the Federal Reserve will proceed more quickly to curb bond purchases.
The top ten US technology billionaires have lost a total of $ 27.4 billion in wealth, according to the Bloomberg Index.
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