Jeff Bezos ,Elon Musk , andMark Zuckerberg 's net worths have fallen a combined $200 billion this year.- Musk is now worth $197 billion after his
net worth hit a high of $340 billion in November.
Some of the world's richest men and biggest names in the tech world have seen their net worths take a dive this year.
Amazon executive chairman Jeff Bezos, Tesla CEO Elon Musk, and Meta CEO Mark Zuckerberg have seen their net worths decline by a combined $200 billion this year, according to the $4, amid a larger economic downturn and fears of a potential recession.
Here's how much each billionaire has lost on paper in 2022 so far, per Bloomberg.
- Musk: $73.2 billion
- Bezos: $65.3 billion
- Zuckerberg: $64.4 billion
Musk has been hit hardest of the three. His net worth, which is largely tied up in Tesla stock, peaked in November at over $340 billion and $4 according to Bloomberg. It now stands at $197.1 billion.
Bezos and Zuckerberg are currently worth $127 billion and $61.1 billion, respectively, according to the index.
After achieving new highs during the pandemic, tech stocks have seen sharp declines this year amid market shifts and inflation concerns.
On May 10, Amazon stock $4 from its 52-week high of $3,773.08 that it hit on July 13, 2021. That followed an 11% drop on April 29 this year after the e-commerce giant posted $4 that revealed its first loss in seven years, prompting concerns that pandemic boom had faded.
Last month, Insider reported that Meta, the Facebook parent company, $4 after rapid expansion throughout the pandemic, as its shares had declined by over 40% since November.