May 19, 2022

What do Elon Musk, Jeff Bezos, and Bill Gates have in common? They all have lost about $85 billion in the market this year

Tech stocks and cryptocurrencies have seen the fortunes of some of the world’s richest people take a hit over the past week.

Bloomberg reports that Tesla and SpaceX founder Elon Musk lost $25.1bn, Amazon’s Jeff Bezos saw a $20bn drop in his fortune, Changpeng Zhao of Binance lost $17.7bn, and Microsoft co founder Bill Gates has seen a $9.5 billion drop in his net worth since January 1, and biggest loss goes to Facebook’s own founder and CEO Mark Zuckerberg, whose net worth has also dropped by about $12 billion this year. per the Bloomberg index.

All five saw losses in their tech stock holdings. Last week, the benchmark tech-heavy Nasdaq Composite fell about 8% on the back of several concerns including rising interest rates and inflation. The Nasdaq is down about 13% this year.

Collectively the world’s five richest tech tycoons have lost about $85 billion of their wealth in the first few weeks of 2022, with their fortunes taking an especially big hit from last week’s market sell-off.

According to Bloomberg, the only one of the world’s wealthiest people who didn’t lose money last week was Bernard Arnault, the chairman and CEO of the French luxury giant LVMH. Even so, Arnault’s wealth is down $10.5 billion this year, with LVMH share prices down 5% amid a broader market rout.

Here’s how the world’s six wealthiest people were faring on the Bloomberg Billionaires Index as of Monday:

Leave a Reply

Close

Stocks & Crypto

Name Price24H (%)
DSLA Protocol (DSLA)
$0.003680
-6.82%
Lympo (LYM)
$0.004392
-4.43%
Relevant (REL)
$0.78
0.35%
Heart Number (HTN)
$0.000553
-30.47%
Tadpole (TAD)
$7.32
-1.76%
Cage (C4G3)
$0.005010
-3.67%
DYOR (DYOR)
$0.000020
20.53%
TICOEX Token (TICO)
$0.001364
0.52%
MMS Cash Token (MCASH)
$1.00
0.00%
Bitcoin (BTC)
$28,943.00
-4.75%
Ethereum (ETH)
$1,935.17
-6.93%
Tether (USDT)
$1.00
-0.05%
USD Coin (USDC)
$1.00
0.12%
BNB (BNB)
$291.71
-4.07%
XRP (XRP)
$0.408755
-6.46%
Binance USD (BUSD)
$1.00
0.10%
Cardano (ADA)
$0.51
-10.55%
Solana (SOL)
$50.56
-10.89%
Dogecoin (DOGE)
$0.084240
-6.41%
Polkadot (DOT)
$9.58
-12.27%
Wrapped Bitcoin (WBTC)
$28,941.00
-4.56%
Avalanche (AVAX)
$29.78
-13.20%
Lido Staked Ether (STETH)
$1,904.00
-6.97%
TRON (TRX)
$0.071404
-0.83%
Vectorium (VECT)
$425.81
-3.49%
Shiba Inu (SHIB)
$0.000012
-6.82%
Dai (DAI)
$1.00
0.13%
Power Cash (PRCH)
$0.017570
881.24%
Alex (ALEX)
$0.068435
-0.04%
LADZ (LADZ)
$0.066195
0.58%
Cronos (CRO)
$0.186043
-7.49%
Litecoin (LTC)
$66.54
-8.88%
LEO Token (LEO)
$4.92
-0.87%
Polygon (MATIC)
$0.63
-11.51%
FTX Token (FTT)
$29.91
-5.97%
NEAR Protocol (NEAR)
$5.86
-12.08%
Hedera (HBAR)
$0.388591
-3.51%
Rare (RARE)
$0.046122
0.00%
Bitcoin Cash (BCH)
$187.91
-8.66%
Stellar (XLM)
$0.126835
-9.57%
OKB (OKB)
$12.09
-5.13%
Cosmos Hub (ATOM)
$10.25
-10.63%
Algorand (ALGO)
$0.438994
-9.79%
Flow (FLOW)
$2.84
-5.60%
Monero (XMR)
$156.66
-10.38%
Ethereum Classic (ETC)
$20.07
-6.92%
BitTorrent (BTT)
$0.002702
1.61%
ApeCoin (APE)
$7.84
-11.42%
Uniswap (UNI)
$4.93
-8.93%
BitTorrent [OLD] (BTTOLD)
$0.001374
19.41%
Hedera (HBAR)
$0.100518
-6.77%
Elrond (EGLD)
$90.94
-9.40%
VeChain (VET)
$0.029690
-8.48%
Theta Fuel (TFUEL)
$0.062210
-11.86%
Magic Internet Money (MIM)
$1.00
0.35%
Internet Computer (ICP)
$7.59
-11.02%
Axie Infinity (AXS)
$21.98
2.43%
Chain (XCN)
$0.096893
4.93%
Bitcoin Cash ABC (BCHA)
$86.90
-0.64%
Filecoin (FIL)
$7.63
-10.29%
cETH (CETH)
$38.89
-7.27%
Decentraland (MANA)
$1.04
-12.71%
Tezos (XTZ)
$1.69
-8.81%
The Sandbox (SAND)
$1.21
-11.05%
DeFiChain (DFI)
$2.82
-8.87%
Frax (FRAX)
$1.00
0.13%
KuCoin Token (KCS)
$14.30
-4.01%
Humans.ai (HEART)
$0.026105
-11.74%
Maker (MKR)
$1,430.51
-9.18%
PancakeSwap (CAKE)
$4.37
-7.03%
EOS (EOS)
$1.27
-7.69%
Zcash (ZEC)
$99.99
-12.54%
TrueUSD (TUSD)
$1.00
0.11%
Theta Network (THETA)
$1.22
-12.74%
Klaytn (KLAY)
$0.406513
-7.10%
Aave (AAVE)
$82.74
-11.94%
Huobi BTC (HBTC)
$28,829.00
-5.19%
YooShi (YOOSHI)
$0.000003
-12.05%
The Graph (GRT)
$0.159449
-11.31%
cUSDC (CUSDC)
$0.022667
-0.10%
Huobi Token (HT)
$7.01
-0.07%
BitTorrent (BTT)
$0.000001
-3.57%
TerraUSD (UST)
$0.087538
-1.37%
Terra (LUNA)
$0.000151
-19.09%
Bitcoin SV (BSV)
$50.40
-10.02%
Pax Dollar (USDP)
$1.00
0.02%
IOTA (MIOTA)
$0.336683
-13.65%
THORChain (RUNE)
$2.99
-12.26%
eCash (XEC)
$0.000046
-6.18%
Quant (QNT)
$65.87
-10.43%
Radix (XRD)
$0.085186
-3.38%
Neutrino USD (USDN)
$0.97
-0.35%
STEPN (GMT)
$1.39
-12.81%
GateToken (GT)
$5.49
-4.64%
Fantom (FTM)
$0.320906
-10.50%
cDAI (CDAI)
$0.022073
0.34%
Helium (HNT)
$7.71
-14.96%
BitDAO (BIT)
$0.82
-2.97%
NEXO (NEXO)
$1.31
-5.61%
Arweave (AR)
$14.52
-7.44%
NEO (NEO)
$10.01
-8.80%
Kusama (KSM)
$76.98
-6.16%
Zilliqa (ZIL)
$0.048230
-9.50%
Convex Finance (CVX)
$10.85
-11.99%
Chiliz (CHZ)
$0.121309
0.83%
Amp (AMP)
$0.013441
-4.83%
Sapphire (SAPP)
$0.70
35.32%
Waves (WAVES)
$6.18
-15.61%
Enjin Coin (ENJ)
$0.66
-9.80%
BitcoinStaking (BSK)
$47.23
216.25%
Dash (DASH)
$55.90
-7.42%
Valkyrie Protocol (VKR)
$1.22
-13.48%
PAX Gold (PAXG)
$1,819.22
0.03%
Gala (GALA)
$0.079122
-10.41%
Loopring (LRC)
$0.458622
-6.87%
Basic Attention Token (BAT)
$0.378101
-7.80%
cUSDT (CUSDT)
$0.021768
0.00%
Synthetix Network Token (SNX)
$2.49
-11.73%
Maiar DEX (MEX)
$0.000110
-9.10%
Osmosis (OSMO)
$1.49
-9.67%
pTokens BTC (PBTC)
$45,430.00
-1.22%
Celo (CELO)
$1.26
-12.49%
Fei USD (FEI)
$1.00
0.25%
Gnosis (GNO)
$208.36
-9.50%
Stacks (STX)
$0.51
-11.84%
Harmony (ONE)
$0.043793
-11.29%
Fei Protocol (FEI)
$1.00
-0.63%
XDC Network (XDC)
$0.042832
-6.12%
Decred (DCR)
$36.33
-5.39%
Mina Protocol (MINA)
$0.99
-10.03%
Lido DAO (LDO)
$1.38
-13.09%
Ekta (EKTA)
$3.78
3.46%
Green Satoshi Token (BSC) (GST)
$43.90
9.24%
Curve DAO Token (CRV)
$1.24
-11.04%
NEM (XEM)
$0.053666
-12.06%
Tether Gold (XAUT)
$1,862.88
0.03%
Holo (HOT)
$0.002552
-4.79%
Kava (KAVA)
$2.33
-11.08%
Compound (COMP)
$65.33
-10.24%
Verasity (VRA)
$0.067412
-5.65%
Kadena (KDA)
$2.35
-19.59%
GuildFi (GF)
$2.03
-6.23%
Frax Share (FXS)
$7.12
-14.14%
Nexus Mutual (NXM)
$63.00
-10.81%
Tokenize Xchange (TKX)
$5.31
-5.00%
Thorstarter (XRUNE)
$0.62
6.40%
ECOMI (OMI)
$0.001538
-5.40%
Qtum (QTUM)
$3.84
-8.56%
Wootrade Network (WOO)
$0.81
8.00%
Bancor Network Token (BNT)
$1.36
-7.25%
OKC Token (OKT)
$24.43
-4.10%
FLEX Coin (FLEX)
$4.90
-0.50%
IOST (IOST)
$0.016375
-8.88%
Anyswap (ANY)
$16.67
4.73%
GXChain (GXC)
$4.64
173.82%
1inch (1INCH)
$0.90
-4.40%
hi Dollar (HI)
$0.375993
0.76%
cBAT (CBAT)
$0.023192
6.02%
Dogebonk (DOBO)
$0.000000
14.70%
SuperRare (RARE)
$2.31
24.37%
Balancer (BAL)
$14.59
-2.78%
Livepeer (LPT)
$13.86
-7.52%
PEAKDEFI (PEAK)
$0.334352
52.12%
Invictus (IN)
$1,344.61
2.71%
Serum (SRM)
$1.12
-10.03%
ParaSwap (PSP)
$0.72
-10.57%
My Neighbor Alice (ALICE)
$20.13
-10.39%
Vectorspace AI (VXV)
$9.02
9.54%
Sovryn (SOV)
$17.93
-0.77%
RedFOX Labs (RFOX)
$0.242411
-13.80%
Samoyedcoin (SAMO)
$0.120191
2.66%
Rich Quack (QUACK)
$0.000000
-3.78%
CateCoin (CATE)
$0.000010
3.33%
Liquity USD (LUSD)
$1.00
0.29%
Band Protocol (BAND)
$8.28
7.98%
Badger DAO (BADGER)
$34.68
12.62%
Snowbank (SB)
$3,867.87
1.07%
Xido Finance (XIDO)
$12.15
-4.04%
Popsicle Finance (ICE)
$33.87
-7.71%
Gitcoin (GTC)
$23.64
79.82%
Taboo Token (TABOO)
$0.031889
10.27%
Proton (XPR)
$0.040012
6.89%
NKN (NKN)
$0.52
3.89%
JUNO (JUNO)
$6.78
-16.53%
AllianceBlock (ALBT)
$1.02
-7.55%
Olympus (OHM)
$17.09
-1.09%
OMG Network (OMG)
$2.37
-7.12%
BTC Standard Hashrate Token (BTCST)
$44.40
21.20%
DerivaDAO (DDX)
$12.37
143.65%
SingularityNET (AGIX)
$0.340248
4.09%
BitMart Token (BMX)
$0.369266
-5.06%
HUSD (HUSD)
$1.00
-0.05%
Secret (SCRT)
$1.91
-4.11%
Celsius Network (CEL)
$0.77
-8.88%
yearn.finance (YFI)
$9,142.20
-10.14%
Doge Army Token (DGAT)
$0.000000
-18.42%
Bitcoin Gold (BTG)
$18.49
-8.09%
Aave [OLD] (LEND)
$4.10
2.91%
Stratis (STRAX)
$2.36
18.61%
Ark (ARK)
$1.98
3.33%
0x (ZRX)
$0.378447
-9.89%
Somnium Space CUBEs (CUBE)
$25.12
15.26%
Marinade staked SOL (MSOL)
$52.88
-10.85%
USDD (USDD)
$1.00
0.20%
iExec RLC (RLC)
$4.43
3.79%
StormX (STMX)
$0.033770
4.03%
Rocket Pool (RPL)
$19.43
-8.53%
Orchid Protocol (OXT)
$0.53
-1.32%
DODO (DODO)
$1.14
-18.35%
Electroneum (ETN)
$0.017514
-11.29%
Moonbeam (GLMR)
$1.15
-17.53%
Bitkub Coin (KUB)
$3.53
-2.32%
Storj (STORJ)
$2.14
4.68%
Coin of the champions (COC)
$0.000001
25.93%
Alien Worlds (TLM)
$0.240512
-3.92%
Counterparty (XCP)
$16.41
9.87%
sBTC (SBTC)
$61,407.00
-0.74%
Ravencoin (RVN)
$0.028940
-6.91%
PlatON Network (LAT)
$0.130219
4.39%
Venus (XVS)
$26.21
1.29%
MiL.k Alliance (MLK)
$1.37
4.65%
OpenDAO (SOS)
$0.000008
11.03%
Hoge Finance (HOGE)
$0.000701
-3.60%
Bitcoin Diamond (BCD)
$1.58
0.84%
Verge (XVG)
$0.017958
2.11%
Thoreum (THOREUM)
$0.136253
996.25%
Ankr (ANKR)
$0.036208
-11.05%
Circuits of Value (COVAL)
$0.164809
57.61%
Mango (MNGO)
$0.290404
20.62%
Audius (AUDIO)
$0.410749
-11.65%
Bounce (AUCTION)
$40.09
11.29%
Ampleforth (AMPL)
$1.00
17.08%
EDEN (EDEN)
$3.32
-5.68%
KardiaChain (KAI)
$0.094205
7.71%
TitanSwap (TITAN)
$2.87
0.41%
Wilder World (WILD)
$3.41
-3.99%
Evmos (EVMOS)
$1.40
-19.39%
Tokamak Network (TON)
$7.07
7.81%
JUST (JST)
$0.038952
-8.59%
Convex CRV (CVXCRV)
$1.24
-9.28%
Reserve Rights Token (RSR)
$0.021342
4.60%
Klima DAO (KLIMA)
$205.37
-9.03%
Mdex (MDX)
$0.323660
12.53%
Tranchess (CHESS)
$7.53
163.66%
Tokemak (TOKE)
$17.11
-11.41%
Dvision Network (DVI)
$1.11
-5.63%
Radicle (RAD)
$6.83
-10.85%
Metahero (HERO)
$0.053117
4.15%
Sign up Today!Patrioticbets Newsletter

Don’t miss out on all things stock and crypto.

%d bloggers like this: