Elon Musk had a tumultuous 2022, with several significant events making headlines. One notable achievement was his acquisition of Twitter for a staggering $44 billion. However, the value of Tesla, which is a major contributor to Musk’s wealth and financial stability, experienced a decline, resulting in Musk losing more money than any other billionaire that year.
In 2022, the five biggest billionaire wealth losers were:
Elon Musk – $140 billion loss. Elon’s net worth went from $280 billion on January 1st to $140 billion on December 31st. However, his net worth was actually closer to $340 billion in November 2021.
Jeff Bezos – $88 billion loss. Jeff’s net worth decreased from $193 billion to $105 billion by the end of 2022.
Changpeng Zhao – $84 billion loss. CZ, the founder of Binance, saw his fortune fall from $96 billion to $12 billion.
Mark Zuckerberg – $82 billion loss. Mark’s net worth dropped from $128 billion to $44 billion as the value of Facebook’s stock price declined.
Larry Page and Sergey Brin – $46 billion loss each. The co-founders of Google both saw a significant decrease in their respective fortunes in 2022. Larry’s net worth went from $127 billion at the beginning of the year to $81 billion by the end, while Sergey’s went from $124 billion to $77 billion.