It hasn't been a great year for the 0.00001%. The fortunes of Russian oligarchs have been frozen; crypto fortunes have been destroyed; and five billionaires — Bernard Arnault, Elon Musk, Mark Zuckerberg, Jeff Bezos, and Changpeng Zhao — have each lost more than $50 billion this year alone.
Why it matters: Even the most chipper tycoon might feel a pang of humility upon seeing an 11 (or 12)-figure sum evaporate from his personal balance sheet.
