"The billionaires are bleeding. Elon Musk, Jeff Bezos and other top earners have lost nearly $200 billion in 2022"

"The world’s biggest billionaires alone lost more than $40 billion as markets cratered on Wednesday, according to Bloomberg’s Billionaire’s Index, a daily ranking of the world’s wealthiest."

"Still at the top of that list is Tesla’s chief executive officer, Elon Musk, who lost the most of 500 billionaires."

"Musk is still worth $210 billion, even if he’s lost $60.4 billion so far this year."

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"Just behind Musk is Amazon.com founder and former CEOJeff Bezos, whose Wednesday losses came in at close second, with a $8.48 billion drop leaving his fortune at $131 billion."

"Amazon shares have lost 35% so far this year, taking a hit from last month’s first reported quarterly loss in seven years. Year-to-date, Bezos has lost $61.6 billion."

"Number three on the most wealthy list, Bernard Arnault, chairman and chief executive of French luxury goods giant LVMH Moët Hennessy lost $3.15 billion on Wednesday"

"and has seen his fortune decline by $52 billion this year, to $126 billion."

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"Microsoft co-founder Bill Gates lost $2.19 billion on Wednesday and is $19.4 billion poorer for the year so far."

"His wealth stands at $119 billion, while Berkshire Hathaway’s chairman and CEO Warren Buffett saw $2.74 billion wiped off his fortune, though he’s gained $2.17 billion year-to-date."

"Buffet is presently worth $111 billion."

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