Jan 24, 2022

World’s richest men lose billions as cryptocurrency, tech stocks tank

Posted by in categories: cryptocurrencies, Elon Musk

The world’s richest men have lost billions of dollars in the past week, as cryptocurrency markets and tech stocks plummet. #9News

The richest men in the world have lost billions of dollars in the past week as cryptocurrency markets and technology stocks plummet.

According to the Bloomberg Billionaires Index, in the last 24 hours Elon Musk lost US$12.5 billion ($17.41 billion), Jeff Bezos lost US$9.17 billion ($12.78 billion) and Facebook – now Meta – CEO Mark Zuckerberg lost US$4.86 billion ($6.77 billion).

Changpeng Zhao, CEO of the world’s largest cryptocurrency exchange Binance, lost an eye-watering US$13.3 billion ($18.53 billion) in one day.

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