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Top billionaires $1.4 trillion poorer

Elon Musk Jeff Bezos Mark Zuckerberg Tesla Inc.

Tesla founder and aspiring social media tycoon Elon Musk has seen his net worth shrink by 23% to $208.5 billion this year. (Reuters illustration)

Elon Musk’s fortune plunged almost US$62 billion. Jeff Bezos saw his wealth tumble by about $63 billion. Mark Zuckerberg’s net worth was slashed by more than half.

All told, the world’s 500 richest people lost $1.4 trillion in the first half of 2022, a dizzying decline that marks the steepest six-month drop ever for the global billionaire class.

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