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Elon Musk and Jeff Bezos lose billions in a week

panorama.am01/24th/2022, 9:18

Elon Musk and Jeff Bezos lose billions in a week

Tumbling tech stocks and cryptocurrencies have seen the fortunes of some of the world’s richest people take a hit over the past week, The Independent reports, citing Bloomberg.

Tesla and SpaceX founder Elon Musk lost $25.1bn (£18.5bn), Amazon’s Jeff Bezos saw a $20bn (£14bn) drop in his fortune, Changpeng Zhao of Binance lost $17.7bn (£12.5bn), and Facebook’s Mark Zuckerberg is $10.4bn (£7.6bn) worse off, Bloomberg said.

It was the worst week for the stock market since the crash at the onset of the pandemic.

Big-name compan...

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