According to the Bloomberg index, Meta Platforms Inc chief Mark Zuckerberg, Microsoft Corporation co-founder Bill Gates, and Oracle Corporation’s Larry Ellison have collectively lost $480 billion in paper wealth this year.
Zuckerberg’s net worth fell by $11.2 billion after Meta’s disappointing earnings reports. The company’s revenue went into the red for the second consecutive quarter.
Zuckerberg’s total wealth accumulation has fallen by more than $87 billion this year. He currently has a net worth of around $37.7 billion, a 73% fall from the $142 billion peak in September 2021. Follow
@benzinga
Tesla Inc chief Elon Musk and
Amazon.com, Inc Chairman Jeff Bezos have each seen more than $58 billion of wealth lost this year.
While Musk is currently worth of $212 billion, Bezos’ total wealth is valued at $134 billion.
Alphabet Inc founders Larry Page and Sergey Brin have lost more than $40 billion in paper wealth this year.
Looking outside the U.S., China’s Jack Ma, co-founder of Ali...