Tech billionaires see wealth shrink amid 2022 stock crunch
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The fortunes of Silicon Valley billionaires took a beating in 2022 as share prices of the world's tech giants plummeted.
The fortunes of Silicon Valley billionaires took a beating in 2022 as share prices of the world's tech giants plummeted.Here are some of the worst hit by this year's tech stock downturn. - Elon Musk - After becoming the world's richest person in 2021, the TESLA and SpaceX boss saw over half of his net worth evaporate this year, boosting France's luxury goods mogul Bernard Arnault into the top spot. Musk lost $140 billion in 2022 due to the collapse of Tesla's share price, leaving his total net worth at $130 billion, according to Bloomberg's index of the world's richest people. Once the darling of Wall Street investors, the future of the electric car company i...