Top 20 billionaires lost half a trillion dollars!!!
The world's biggest Tech Billionaires have suffered huge losses this year due to the continuous ups and downs in the stock market. According to the reports, the loss to Tech Billionaires has crossed the half-trillion dollar mark. Simply put, this decrease is so big that its price is more than the market prices of all seven companies in the top-rated S&P 500 companies.Report of the Bloomberg Billionaires IndexThe world's richest tech moguls, including mark zuckerberg, bill gates and Larry Ellison, among the top listers in the ranking of the world's richest people, have so far lost more than $480 billion in paper assets, according to the latest Bloomberg Billionaires Index report. Reports of declining earnings of many tech giants this week have raised fears of recession. Lowered stock prices made a big impact on the net worth of the world's richest people.According to the ranking, the net worth of mark zuckerberg has fallen to $ 11.2 billion on thursday alone. They have lost a quarter of their value after reports of a sharp drop in the shares of data-facebook parent Meta Platforms. His company's revenue has been slow for the second consecutive quarter. Along with this, the company's losses have increased due to a huge fall in the shares of Metaverse in the last few days.