Named the largest billionaire loser. And it’s not Elon Musk

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It’s about Jeff Bezos.

This week, Forbes published its annual ranking of the richest people in the world, naming the billionaire whose fortune has suffered the most over the past year. It turned out to be Amazon founder Jeff Bezos.

Bezos’ net worth is down $57 billion from March last year, but still stands at $114 billion, keeping him as the third richest person on the planet. Amazon shares fell 50% in 2022 and it became the first public company to lose $1 trillion in market value.

Elon Musk
Elon Musk

2023 has also been a challenging year for the company. CEO Andy Jesse, who took over after Bezos left in July 2021, announced in January that the company would cut 18,000 jobs, the largest layoff in its history. In March, Jesse said that Amazon would lay off another 9,000 employees.

Named the largest billionaire loser. And it’s not Elon Musk

Tesla and Twitter CEO Elon Musk came in second on the Forbes list with a net worth of $180 billion, while Bernard Arnault, CEO of luxury goods company LVMH, came in first with a net worth of $211 billion.

This year’s list includes 313 billionaires with a combined net worth of $1.9 trillion, up from 332 billionaires with a net worth of $2.1 trillion last year. In 2021, the list included 365 people with a record net worth of $2.5 trillion.

But there is another opinion, who should be called the main loser billionaire: according to Bloomberg, as a result of the fall in Tesla shares in 2022, Elon Musk’s fortune decreased by $ 140 billion .