Bezos, Zuckerberg and Musk lost billions in one day
The past week has not been kind to the world’s richest. Reports from the American market about the economic slowdown and rising unemployment have had a strong impact on the stock market quotations of the largest corporations.
The unemployment rate in the United States reached 4.3% this week. worst result since October 2021.To that The US continues to struggle with rising inflation and high interest rates.. Macroeconomic data does not remain without impact on the US stock market. The Dow Jones index had its worst day in more than two years last week. years with a drop in quotations by 2.6%. An even worse drop, by as much as 3.4% in one day, was recorded by the American NASDAQ.
Amazon posts record losses
The results had a major impact on the fortunes of the richest American businessmen. Jeff Bezos, Mark Zuckerberg, and Elon Musk lost a combined $28 billion in one day. Amazon founder and CEO Jeff Bezos has recorded the biggest losses. On Friday alone, Amazon’s stock price fell by 9%, which means loss of up to 15 billion dollars. The losses from Monday, when the value of Amazon lost an additional 8 billion. This is the biggest loss of Bezos’ fortune since 2019 and his divorce, in which Bezos had to pay his ex-wife $36 billion.
Facebook and Instagram also in the red
The main owner of Meta, Mark Zuckerberg, also lost a lot. His Facebook and Instagram lost 7 billion dollars in value. Zuckerberg, however, has little reason to worry, as his fortune has grown by $45 billion this year alone and is now valued at $171 billion.
Musk with a “small” loss
The richest man in the world, Elon Musk, also lost money last week. It was all due to the decline in Tesla’s stock market value. However, the electric car manufacturer lost the least, because only 6 billion. It had no major impact on Musk’s net worth, which is now valued at $227 billion.
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