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Inflation sword, Bezos-Musk-Zuckerberg opened $93 billion wealth overnight

Mohtasim Fuad Mahi

Sept 15, 2022

Jeff Bezos,Elon Musk,Bill Gates

There has been massive inflation all over the world. The United States is also under the grip of unprecedented inflation. The country's top billionaires have found wealth of 9 thousand 3 billion dollars overnight. Among them are top billionaires like Mark Zuckerberg, Jeff Bezos, Elon Musk, Larry Page, Sergey Brin, Steve Ballmer, Bernard Arnault, Warren Buffett and Bill Gates.

They suffered losses last Tuesday when higher than expected inflation data had a negative impact on the stock market. This is the ninth-highest one-day loss ever.

Jeff Bezos has reportedly suffered the most damage. Amazon's Chief Executive Officer (CEO) earned $9.8 billion in one day.

Tesla founder Elon Musk's net worth has dropped by $8.4 billion. Mark Zuckerberg, the CEO of Mater, Facebook's parent company, has lost $5.6 billion in assets.

Another US billionaire, Larry Page, has earned $5.2 billion. Sergey Brin, Steve Ballmer and Bernard Arnault lost more than $4 billion.

Billionaires Warren Buffett and Bill Gates' wealth fell by $3.4 billion and $2.8 billion, respectively.

The US stock market has been hit by a sell-off. As a result, the rich have to bear this loss. Because, investors are betting that the Federal Reserve will raise interest rates more aggressively as inflation is higher than expected.

Source:New York Post

By: Mohtasim Fuad

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International Jeff Bezos Mohtasim Fuad

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