Bonfire of the billionaires: £267bn wiped off net worth of world’s richest – STL.News
Bonfire of the billionaires: Year of turmoil wipes 267bn off net worth of world’s wealthiest peopleBy Calum Muirhead For The Daily Mail Published: 16:50 EST, 29 December 2022 | Updated: 16:50 EST, 29 December 2022
Some of the world’s richest people have seen their wealth fall as soaring inflation, Russia’s invasion of Ukraine and spiking interest rates sent global stock markets into meltdown.By far the biggest loser has been Elon Musk, who in 2022 saw his net worth plunge by 115billion to 110billion, according to the Bloomberg Billionaires Index.Musk’s wealth was hit mainly by a sharp drop in the value of his 13.4 per cent stake in electric car maker Tesla, which has fallen 68 per cent since the start of 2022. The biggest loser of 2022 is Elon Musk, who saw his net worth plunge by 115bn to 110bn, according to Bloomberg Billionaires IndexThe decline has been mostly attributed to Musk’s antics at social media website Twitter, which he bought for 36billion in October following a…
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