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Jan 9, 2023

Musk, Bezos and other tech billionaires lost over $500 billion of wealth in 2022

Posted by in categories: business, economics

Will 2023 shrink their fortunes further?

The world’s top tech billionaires have lost a combined $575 billion of their personal fortunes as the stock price of the companies they have founded have dropped significantly in 2022, Business Insider.

Even as millions in the U.S. lost their jobs, already rich tech billionaires added a combined $2.


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2021 was a great year for technology companies. As the world economy came to a grinding halt, growth for technology companies continued unabated and even increased as many businesses were forced to adopt technology products to keep their workforce connected and working.

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