Musk, Bezos, other billionaires lose $1.4 trillion in worst half ever

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The world’s 500 richest people lost $1.4 trillion in the first half of 2022, a dizzying decline that marks the steepest six-month drop ever for the global billionaire class.

Elon Musk, Jeff Bezos, other richest billionaires lose $1.

The most high-profile buyout of all belonged to Musk, who reached a $44 billion deal to buy Twitter Inc.He offered to pay $54.20 a share; the social-media company’s stock traded at $37.44 at 10:25am in New York.

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Author / Journalist: Bloomberg

Category: Economy

Topics: Jeff bezos Zuckerberg Richest billionaires Musk Vladimir putin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-02, 10:54:12

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Reading Time: 4 minutes read

Article Length: 645 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 26351

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About Times of India

Main Topics: Economy

Official Website: timesofindia.indiatimes.com

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Publisher ID: #28

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