![]() ![]() Adani's wealth has surged by about $70 billion since the start of January, while Ambani's wealth has grown by around $4 billion. Only Gautam Adani and Mukesh Ambani, two Indian billionaires, registered gains in net worth on the day. Elon Musks wealth took a 8 billion hit from Tesla stock falling 4, while Jeff Bezos net worth shrunk by almost 10 billion as his Amazon shares slid 7 in value, according to the. Yet their combined wealth still approached $1.2 trillion, and they continued to rank among the 20 richest people on the planet.Įight of the top 10 names on the rich list saw their fortunes shrink on Tuesday. Bezos and Zuckerberg also rank among the index's biggest losers, with wealth declines of $42 billion and $68 billion respectively since the start of January.Īs of Tuesday's close, the 10 men's combined wealth was down $295 billion or 20% for the year, reflecting a widespread decline in stocks amid growing fears of stubborn inflation, sharply higher interest rates, and a potential market downturn and recession. Yet many of these billionaires pay little in taxes, and that has. Moreover, LVMH CEO Bernard Arnault's riches were reduced by $4 billion, lifting his total wealth decline for the year to $43 billion. The pandemic has been good for the ultra rich like Elon Musk and Jeff Bezos whose fortunes are tied to the stock market. ![]() Meanwhile, Warren Buffett's net worth fell by $3 billion as Berkshire Hathaway stock retreated, Larry Ellison's fortune declined by $2 billion as his Oracle shares dipped in value, and Mark Zuckerberg's wealth shrunk by $6 billion as Meta's stock price tumbled. ![]()
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