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At the beginning of the year, there was a grand total of 10 people across the globe whose wealth exceeded US$100 billion.
At the time of this writing, six have been lost, leaving Tesla & SpaceX’s Elon Musk (who retains his title as world’s richest man), Amazon’s Jeff Bezos, LVMH’s Bernard Arnault, as well as Microsoft’s Bill Gates.
Elon Musk’s fortune plunged almost $62 billion. Jeff Bezos saw his wealth tumble by about $63 billion. Mark Zuckerberg’s net worth was slashed by more than half…
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www.bosshunting.com.au/hustle/worlds-richest-people-lost-first-half-2022/
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See also In summary, the U.S. is in confirmed recession ahead of Europe, China and the rest of the world. Which means that hot money will now exit U.S. markets at the speed of yield collapse.
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