The rich people of the world are losing $1.4 trillion

Bloomberg reported that over the first half of this year, the world's wealthiest billionaires lost $1.4 trillion.
resulting in the biggest half-year loss ever.
 
Jeff Bezos' wealth decreased by roughly $63 billion, while Elon Musk's dipped by about $62 billion.
whereas Mark Zuckerberg's net wealth decreased by $65.5 billion, or more than half.
In the first half of 2022, the 500 richest people in the world lost $1.4 trillion.
The worldwide billionaire category experienced the most dramatic six-month decrease ever, which was a startling decline.
 
According to Bloomberg, this sudden fall happened after wealth had grown over the preceding two years.
As a result of unprecedented stimulus programs implemented by governments and central banks in the wake of the coronavirus pandemic, the value of all assets, including IT businesses and cryptocurrencies, has increased.
 
According to the research, the share prices of the majority of international corporations have decreased as a result of the central bank's decision to boost interest rates to fight inflation.
The wealth of billionaires who own substantial holdings in them is rapidly decreasing.
 
The second quarter of 2022 marked the worst quarterly performance for Tesla's stock price, but its largest shareholder, Elon Musk, is still the richest man in the world with an estimated net worth of $208.5 billion.
According to the Bloomberg Billionaires Index, Jeff Bezos comes in second place with a net worth of $129.6 billion.
 
With a net worth of $128.7 billion and ownership of Louie Fitton, billionaire Bernard Arnault came in third.
Bill Gates, the founder of Microsoft, came in second with a net worth of $114.8 billion.
 
These four affluent individuals were among the top four billionaires in the world at the beginning of this year and each controlled more than $100 billion.
However, only the creator of Facebook decreased to $60 billion at the end of the first half of this year, falling to 17th place.
Changping Zhao, the founder and CEO of Binance, lost the most money among the world's wealthy people when his wealth, which was estimated to be worth $96 billion when he first appeared on the Bloomberg Billionaires Index in January, fell by $80 billion.