Easy come easy go. The Mount Rushmore of tech titans has seen roughly $85 billion of their fortune disappear so far in 2022 after the big market sell-off on Wall Street last week.
Before you reach into your pocket to grab your phone and anonymously Venmo the poor guys a few bucks, keep in mind, they are still worth over half a trillion.
Here’s a little rundown of who lost what. Elon Musk saw $27 billion wiped away. He’s actually down to $243 billion for his net worth, which is almost $100 billion lower than his personal high in November of $335 billion.
This month, Jeff Bezos has been busy doing pushups on a yacht in St. Barth’s and sucking face with his girlfriend Lauren Sanchez whenever a camera is in sight. If he’s had time to check his portfolio, he’ll see his net worth has been lowered by $25 billion.
Bill Gates will have $9.5 billion fewer dollars to save the world. Google co-founder Larry Page had $12 billion in stock value wiped away.
And finally, Mark Zuckerberg of Meta/Facebook is down about $12 billion.
It was a rough week for all investors in tech stocks, as the Nasdaq Composite dropped 8% thanks to concerns of rising interest rates and the inflation the country is mired in.
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