End of a streak for the world’s two richest men: Elon Musk and Jeff Bezos have lost $100,000 million so far this year

Elon Musk and Jeff Bezos. (Photo: Voi.id)

CEO of Tesla and SpaceX, Elon Muskand founder of amazon, Jeff BezosAnd the They have lost a total of 100,000 million USD so far in 2022As a result of the collapse of the market value of their companies, in which they are considered major shareholders.

The world’s richest men saw their fortunes rise after the Corona disaster in the second quarter of 2020 and the rise of stock markets as a result of the stimulus policies with which central banks tried to mitigate the economic impact of the Covid-19 epidemic. In that group, Musk and Bezos stood out from the rest by competing inch by inch for the owner of the largest fortune in the world.

But So far in 2020, with inflation soaring to 40, and fears of a recession growing, they have reversed that process and today those fortunes are shrinking. And the richest are among the biggest losers.

Bill Gates, co-chair of the Bill & Melinda Gates Foundation.  Photograph: Arend Wegmann/Reuters
Bill Gates, co-chair of the Bill & Melinda Gates Foundation. Photograph: Arend Wegmann/Reuters

according to numbers Bloomberg Billionaires Indexa database that tracks in real time the value of the greatest wealth on the planet, Elon Musk has lost $46.4 billion so far this year. After that fall, his fortune today is the equivalent of $224 billion.

Meanwhile, Jeff Bezos is doing worse: his losses so far in 2022 amount to $53.2 billion.His fortune is estimated at $139 billion in total.

Musk and Bezos, despite the losses, are still the two richest men in the world, in that order.

Musk and Bezos, despite the losses, are still the two richest men in the world

And his little luck so far this year is quite common among the great fortunes. Bernard Arnthe richest person in France, the third richest person on the planet and president of LVMH Moet Hennessy Louis Vuitton, It loses $44.7 billion so far this year Today, his fortune amounts to 133,000 million US dollars.

Bill Gatesthe founder of Microsoft and the fourth wealthiest person in the world today, his fortune is estimated at 123,000 million US dollars, according to the Bloomberg Index, after his experience A decrease of $15.1 billion in the market value of its assets.

Gates has a more diversified portfolio than Musk and Bezos, which has helped him weather the stock market storm. The Bill and Melinda Gates Foundation, the charitable foundation he created with his now ex-wife, invests primarily in Berkshire Hathaway, crowded buffetthe fifth richest man in the world, which is distinguished by his opposition to this trend.

Warren Buffett, CEO of Berkshire Hathaway.  Photograph: Rick Wilking/Reuters
Warren Buffett, CEO of Berkshire Hathaway. Photograph: Rick Wilking/Reuters

When that’s not the case, the opposing legendary investor – who seeks to resist the rest of the market – Warren Buffett, Chairman and Largest Shareholder of Diversified Investment Fund Berkshire Hathaway, Wins When Everyone Loses.

Always attentive to investment strategies that eschew the most explosive and trendy trends to avoid getting messy, as well as skillful when it comes to facing recessions and high inflation like the ones the US is experiencing these days. Buffett prides himself on not striving to be the smartest investor in the market, settling on being the dumbest.

from that way, The fortune of the ‘Oracle of Omaha’ – as it is nicknamed – grows while the wealth of the rest of the billionaires increases: he has earned $6,540 million so far this year to a value of $115,000 million.

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