[ccpw id="5"]

Friday, February 3, 2023
HomeCryptoTech Billionaires Who Lost the Most in 2022: Musk, Bezos, Gates

Tech Billionaires Who Lost the Most in 2022: Musk, Bezos, Gates

-

Steve Ballmer, the previous CEO of Microsoft, misplaced $19.4 billion.

Ballmer owns the NBA’s Los Angeles Clippers.


Kimberly White/Getty Images

The wealth of Ballmer, who was the CEO of Microsoft from 2000 to 2014, is principally tied up in shares of the tech behemoth. After this 12 months’s loss, he is value $86.2 billion.

In 2022, the corporate’s progress slowed because it confronted much less demand for private computer systems and a stronger US greenback. Sales of its Windows working system fell, and its inventory adopted, falling by 28% over the 12 months. Microsoft instructed traders to anticipate weak gross sales of non-public computer systems into the brand new 12 months.

Zeng Yuqun, the chairman of Contemporary Amperex Technology, misplaced $20.7 billion.

Zeng Yuqun, Chairman of Contemporary Amperex Technology Co.

Zeng chairs the world’s largest provider of electric-vehicle batteries.


VCG through Getty Images

Most of Zeng’s wealth comes from his 23% stake in Contemporary Amperex Technology, the most important provider of electric-vehicle batteries. His web value rounding out the 12 months is $32.5 billion.

In April, the corporate reported its sharpest decline in quarterly earnings, with web earnings falling by 24%. Earlier within the 12 months, costs for nickel, a significant part of electric-car batteries, and different uncooked supplies had been unstable.

Bill Gates, a cofounder of Microsoft, misplaced $28.6 billion.

Bill Gates attends the 2022 TIME100 Gala on June 08, 2022 in New York City.

Gates’ web value fell together with Microsoft inventory.


Dimitrios Kambouris/Getty Images

With a web value of $110 billion, Gates has investments unfold throughout firms, actual property, and land, however his shares of Microsoft are his most beneficial single holding.

Microsoft’s inventory misplaced near 30% of its worth this 12 months, as gross sales of Windows fell and the corporate predicted gradual progress for its cloud income.

MacKenzie Scott, a novelist and philanthropist, misplaced $37.3 billion.

MacKenzie Scott head shot

Scott is the previous spouse of Jeff Bezos.


Evan Agostini/Associated Press

Like that of her ex-husband Jeff Bezos, Scott’s web value suffered from Amazon’s inventory drop this 12 months. Most of Scott’s wealth comes from a 3% stake in Amazon, whose shares tumbled by 50% this 12 months. She’s now value $19 billion.

She stated in a weblog submit in November that she’d given almost $2 billion this 12 months to 343 organizations supporting underserved communities.

Sergey Brin, a cofounder of Google, misplaced $44 billion.

Google cofounder Sergey Brin wearing a tuxedo at an Oscars party in 2022

Most of Brin’s web value comes from his stake in Alphabet.


Evan Agostini/Invision/AP

Brin and his cofounder Larry Page misplaced a collective $89 billion this 12 months as Alphabet and different tech firms handled a tough 12 months for digital promoting. Brin’s web value sits at $79.5 billion.

Like Page, Brin will get most of his wealth from his stake in Alphabet, Google’s mum or dad firm. As of the tip of final 12 months, Page and Brin collectively owned 85.9% of Alphabet’s Class B shares, which means they held a bit of over 50% of the corporate’s voting energy.

Changpeng “CZ” Zhao, the cofounder and CEO of Binance, misplaced $83.3 billion.

binance ceo changpeng zhao

Zhao suffered throughout this 12 months’s crypto winter.


Antonio Masiello/Getty Images

Most of Zhao’s $12.6 billion web value comes from his controlling stake within the cryptocurrency trade Binance.

Since the collapse of FTX, which sought assist from Binance earlier than it filed for chapter, the crypto market has confronted scrutiny from traders fearful about their belongings.

This month, Binance clients withdrew billions from the crypto platform. Because of the withdrawals and fluctuations in crypto costs, Binance held about $54.7 billion value of digital belongings in mid-December, whereas over a month earlier it held $69.5 billion value of belongings.

The Department of Justice is alleged to be investigating the agency over allegations of cash laundering.

Jeff Bezos, the founding father of Amazon and Blue Origin, misplaced $85.2 billion.

Jeff Bezos

Bezos’ wealth fell as Amazon’s inventory dropped this 12 months.


Anadolu Agency / Getty Images

Bezos, who stepped down as Amazon’s CEO final 12 months, remains to be the corporate’s largest shareholder. But tech shares fell this 12 months, and the worth of Amazon’s shares fell by 50%. Bezos is now value $107 billion.

The firm has handled excessive inflation and gradual progress in gross sales. Amazon was amongst a number of tech firms that laid off workers this 12 months, slicing about 10,000 jobs, essentially the most in its historical past.

Elon Musk, the CEO of Tesla, SpaceX, and Twitter, misplaced $132 billion.

Elon Musk.

In 2022, Musk misplaced his title because the world’s richest man.


Adrees Latif/Reuters

Musk not too long ago misplaced his title because the richest particular person on this planet to Bernard Arnault, the CEO of LVMH. Now the second-richest particular person on Earth, Musk has a fortune of $138 billion.

He misplaced more cash than some other billionaire this 12 months.

Quite a lot of Musk’s wealth is tied up in shares of Tesla. The electric-car maker’s inventory plummeted by virtually 70% this 12 months, partially as a result of traders grew involved by Musk’s takeover of Twitter.

Tesla’s inventory was additionally a sufferer of weakening demand for electrical autos, particularly in China, one in every of Tesla’s largest markets.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

TeraWulf newest bitcoin miner to restructure debt, inventory dives (NASDAQ:WULF)

South_agency/E+ by way of Getty Images TeraWulf (NASDAQ:WULF) inventory sank 28% in Thursday afternoon buying and selling after the bitcoin...

How I might make investments $20,000 in ASX 200 dividend shares in 2023

Image supply: Getty Images We’re nonetheless pretty new to 2023, regardless of the primary month simply passing us by. But what a yr it...

NFT: Polygon beats Ethereum on OpenSea

It’s all true: Polygon, by means of the main world market OpenSea, bought extra particular person NFTs than Ethereum for the second consecutive month, in...

Most Popular