Billionaires including Elon Musk, Jeff Bezos, Bill Gates, and Larry Page lose around $140 billion

According to the Bloomberg Billionaires’ Index, tech czars Elon Musk, Jeff Bezos, Bill Gates, and Larry Page together lost $140 billion in net worth between January and May this year due to a tech collapse in the public market.

Tesla’s founder and CEO, Elon Musk, lost $46 billion in the last five months, according to the research, while Amazon’s founder, Jeff Bezos, lost more than $53 billion.

Microsoft founder Bill Gates, the world’s fourth-richest man, has lost $15 billion in net worth since January, while Google co-founder Larry Page has lost more than $26 billion.

Musk’s collapse is inextricably linked to Tesla’s Nasdaq plunge, with the stock down more than 33% in the previous six months. Musk owns a 15.6 percent interest in Tesla worth around $122 billion, which he paid $44 billion for last month. Bezos’ stock has dropped more than 35 percent since December 2021, mirroring the market’s performance.

After the company’s shares dropped about 40% year-to-date, Mark Zuckerberg, the company’s chief executive officer (CEO), has lost a stunning $53 billion.

Elon Musk announces he will vote for Republican Party

In other news, Elon Musk slammed US President Joe Biden again on Tuesday, claiming that he will vote for the Republican Party in November’s midterm elections because Democrats are assaulting him and his firms from all sides.

He announced for the first time on Twitter earlier this month that he will now vote for Republicans after conservatives returned to the microblogging platform following his $44 billion buyouts.

In February of this year, Biden for the first time officially acknowledged Musk’s contribution to the world of electric vehicles (EVs), noting that the US is constructing a reliable national public charging network to fight China’s EV market challenge.

Tesla CEO Elon Musk had often complained on Twitter about his administration’s indifference. Biden’s acknowledgment came after Musk had regularly complained on Twitter about his administration’s indifference.

also read:

AYA Neo Air is to be launched with an OLED display and a price of $549

source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

Pakistani ‘Elon Musk Khan’ Doppelganger Goes Viral, Internet Can’t...

Imagine casually scrolling through your social media feed and coming across a video that makes you do...
OpenAI

OpenAI & Meta’s Potential Alliance with Reliance: A New...

OpenAI & Meta’s Potential Alliance with Reliance: The global artificial intelligence (AI) race is intensifying, and India...
Elon Musk xAI

Elon Musk’s xAI Acquires X in a $33 Billion...

Elon Musk’s xAI Acquires X in a $33 Billion Deal: The Birth of the Ultimate Super App?...

Elon Musk Warns: Tesla Not ‘Unscathed’ by Trump’s 25%...

In a move that's sent shockwaves through the automotive industry, US President Donald Trump has signed an...
X Down: Musk Claims Cyberattack as Platform Faces Global Outages

Haofei Wang Resigns: X’s Head of Engineering Departs as...

Haofei Wang Resigns : In a surprising turn of events, Haofei Wang, X’s (formerly Twitter) de facto...

LATEST NEWS

OnePlus 13T Sets New AnTuTu Record with Over 3 Million Score

The OnePlus 13T is just weeks away from its official launch, but it has already made an impressive appearance on AnTuTu. Well, according to...

ISL 2024-25: Javi Hernandez’s Late Heroics Hand Jamshedpur FC Crucial First-Leg Edge Over Mohun Bagan Super Giant

Jamshedpur FC took a significant step towards the Indian Super League (ISL) 2024-25 final with a dramatic 2-1 victory over Mohun Bagan Super Giant...

Smart Samsung Cooling: Goodbye Sleepless Summers with Style!

Imagine a world where your air conditioner and fan work in perfect harmony, creating the ideal sleeping environment without you lifting a finger. Samsung...

IPL 2025: Venkatesh, Arora Star as KKR Hand SRH Their Biggest-Ever Loss

Kolkata Knight Riders (KKR) rediscovered their explosive batting form in Mumbai, while Sunrisers Hyderabad (SRH) continued their struggles, suffering a third consecutive defeat despite...

Featured